Brazilian Iron Ore Giant – Vale Builds Inventory As Global Supply Gap Widens

November 01, 2020 12:16 AM AEDT
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The Brazilian iron ore behemoth – Vale recovers the iron ore inventory during the third quarter as the supply gap surges in the global market.

While addressing the analysts over quarterly results, CEO – Eduardo Bartolomeo and ED – Marcello Spinelli suggested that the recovered inventory would give the miner more flexibility on sales in China.
The iron ore production for the quarter surged by 31 per cent against the previous quarter.

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