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Vale Sees No Let-Up in Iron Ore Output, Short-Term Volatility
Sep. 29, 2011 01:55PM PST
Base Metals Investing
Reuters reported Vale (NYSE:VALE,SAO:VALE5) plans to produce at full capacity in 2012, reflecting optimism that China can weather any potential slowdown.
Reuters reported Vale (NYSE:VALE,SAO:VALE5) plans to produce at full capacity in 2012, reflecting optimism that China can weather any potential slowdown.
The market news is quoted as saying,
But the Brazilian mining giant on Thursday warned that the uncertainty in the global economy would keep iron ore prices volatile for now, although it has yet to receive any requests from Chinese and European clients to cancel or delay shipments.