Vale Keeping Iron Output Strong Despite Price Drop

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.

Click here to read the full Reuters Africa report.