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Vale (VALE -3.6%) sees “early signals” of recovery in China's economy, but "we are...

  • Tuesday, August 14, 2012, 3:26 PM ET
    Vale (VALE -3.6%) sees “early signals” of recovery in China's economy, but "we are not going to see the spectacular growth rates of 10%, 12% per year... the golden years are gone," Vale says. The top iron ore producer shipped ~44% of its iron ore and pellets to Chinese steelmakers in Q2, and iron ore prices have dropped to their lowest since Dec. 2009 - not an upbeat combo.
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This news story has 2 comments:

  •  
    Isn't it funny that at the top growth will continue for ever, but at the bottom growth won't ever return? Being dramatic, but didn't we already know that China had gotten too big to even wish for a repeat of the 10% era?
    14 Aug 2012, 03:28 PM Reply Like
  •  
    This is all relatively short term...When our economies rebound, China will be back with a vengeance.
    14 Aug 2012, 06:06 PM Reply Like
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