Speaking of the cure for low prices, it's estimated 40% of China's iron ore mines have suspended...

|By:, SA News Editor

Speaking of the cure for low prices, it's estimated 40% of China's iron ore mines have suspended operations as the mineral's low price has them losing money. Good enough, but the pain is apparently not yet great enough for VALE which says it will continue forging ahead to increase ore output. Earlier: Baosteel shutters a steel plant.