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.
- Brazil iron giant stops shipments to China Companhia VALE (NYSE:RIO) has stopped shipping iron ore toChina over a price dispute. VALE announced anmid-contract 11% price increase and...
- Vale predicts steady iron ore sales to China CEO Roger Agnelli of Vale, a Brazilian iron ore producer, says it expects its iron ore sales to China to...
- Chinese steelmaker pays 80% more for iron ore Baosteel Group, the largest steelmaker in China, cut a supply deal with Rio Tinto and agreed to an 80% price...
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