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Brazilian giant Vale set for quiet ore demand

Posted on 27 October 2008

From The Australian: Brazilian mining giant Vale has warned that demand for commodities will continue to weaken and has joined rival Rio Tinto in saying China will not bounce back this year.

The company also flagged cuts to about 30 million tonnes of its higher-cost iron ore production and some nickel output…… Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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