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Reuters Africa reported Vale (NYSE:VALE,SAO:VALE5) joined its rivals in pledging on Thursday no let up in iron ore production, even as prices slump.
Reuters Africa reported Vale (NYSE:VALE,SAO:VALE5) joined its rivals in pledging on Thursday no let up in iron ore production, even as prices slump.
As quoted in the market news,
Signaling a firm belief that the nearly 30 percent slump in spot market prices this month is a temporary blip, executives of the world’s biggest iron ore producer said Chinese monetary policy easing should help bolster demand from its top consumer.