Iron ore was in a 100-year bear market until China's mid-2000 boom, says Jim Chanos at London's...

|By:, SA News Editor

Iron ore was in a 100-year bear market until China's mid-2000 boom, says Jim Chanos at London's Ira Sohn conference, and reiterating VALE as one of his favorite shorts. Of another Brazilian giant (and another favorite short) - Petrobas (PBR): "Every single dollar that comes in is going back out and yet production is declining. That is not a business."