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

  • November 01, 2020 12:16 AM AEDT
  • Team Kalkine
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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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