Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Vale stops shipping to China

by Tony Sagami on September 24, 2008

in Asian Market, Stock Market in China

Iron ore giant Vale has stoppedshipping to China over a pricing dispute.

Vale knows that China desperately needs iron ore, butVale is making the mistake that they can’t be replaced. BHP Billiton and Rio Tinto will be happy to take theirplace.

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