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Exclusive: Vale seeks up to $10 billion with iron ore streaming deal, sources say to Reuters

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Brazil’s Vale SA (VALE5.SA) is considering raising as much as $10 billion from the sale of up to 3 percent of future iron ore output to undisclosed Chinese companies, two sources with direct knowledge of the matter said. Lee el resto de esta entrada

How To Interpret China’s Decision To Support Its Iron Ore Industry

Summary

  • China has taken action to support its iron ore industry after prices continue to drop.
  • China’s move means that it doesn’t want to rely on foreign supplies even if they’re cheaper.
  • Iron ore suppliers outside of the big four are now at even greater risk than before.

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