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Vale (VALE -2.1%) remains the world's top iron ore producer, but it's losing ground to Rio Tinto...
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Monday, February 4, 11:41 AM ETVale (VALE -2.1%) remains the world's top iron ore producer, but it's losing ground to Rio Tinto (RIO -2.2%) as its output growth stalls because of aging mines and licensing delays. Producers in Australia, where the bulk of Rio’s iron ore operations are, will be responsible for nearly all of this year's 6% global supply growth while Vale will be little changed, BB&T Capital says.
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