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Vale keeps feeding iron ore glut, but misses estimate

Cecilia Jamasmie | February 18, 2016 | 4:52 am Base Metals Energy Europe Latin America Coal Iron Ore Nickel 

Brazil’s Vale (NYSE:VALE) kept ramping up its production of iron ore in the October-to-December period despite a global glut that has severely hurt producers and squeezed smaller competitors. The iron ore giant, however, posted an unexpected decline in quarterly output,...

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