Vale sees a ‘very vigorous’ economic recovery in China

Reuters | May 8, 2020 | 2:58 pm Intelligence Top Companies Latin America Iron Ore 
Image courtesy Vale SA.

Vale is seeing a “very vigorous” economic rebound in China, the iron ore miner’s principal export market, Chief Financial Officer Luciano Siani said during an online event hosted by Brazil newspaper Valor Economico on Friday.

“Industrial activities (in China) are practically at their normal levels…Civil construction is also rising daily and steel and iron ore stocks are falling,” he said.

(By Marta Nogueira and Gram Slattery; Editing by Sandra Maler)

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  • Andrés sorribes

    We need normal climate too, hurricane and typhoon maybe could be strong this year due to heat excess in pacific ocean and México gulf ?

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