Post Rio and BHP; Now Vale Turns Optimistic on China’s Economic Rebound

  • May 10, 2020 AEST
  • Team Kalkine

After the Australian iron ore miners Rio Tinto Limited (ASX:RIO) and BHP Group Limited (ASX:BHP) now the Brazilian iron ore mammoth- Vale turns optimistic over China’s economic growth.

  • During an online event hosted by newspaper Valor Economico on 8 May 2020, the Chief Financial Officer Luciano Siani suggested that the Company sees a vigorous economic rebound in China ahead.
  • Mr Siani also mentioned that industrial activities are practically normal, while civil construction is restoring, leading to a decline in the steel and iron ore stocks across the country.



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