Global Markets: UN predicts ore oversupply for more years

Vale Carajas Mne
Vale Carajás iron ore Mine, Brazil
The United Nations Conference on Trade and Development (UNCTAD, its acronym in English ) published a report which says that the market will witness the increase in iron ore supply by "a few more years". 
Thus, prices will remain low and will be determined based on what is needed for investments to continue, particularly by Vale, the Organization said.(source:noticiasdemineracao.com)

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s