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Vale S.A. Message Board

  • ivaderperswader ivaderperswader Sep 17, 2013 10:53 PM Flag

    would be a strategic boon for the world’s largest producer of iron ore, a key steelmaking ingredient.

    Vale SA (ADR)(NYSE:VALE) shares declined 0.37% and closed at $15.98. The company on Sept. 10 said it is banking on a pickup in the Chinese economy to lift steelmaking demand, which could pave the way for the mining company’s supersize ships to directly supply the market that they were designed to serve, but that now bars them from docking there.

    A decision by Beijing to loosen restrictions on these cargo ships, known as Valemaxes, would be a strategic boon for the world’s largest producer of iron ore, a key steelmaking ingredient.

    Sentiment: Buy

 
VALE
5.67-0.27(-4.55%)Mar 27 4:02 PMEDT