Vale (VALE +1.8%) sees good signs for the metals and mining industry in a nascent recovery in...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE +1.8%) sees good signs for the metals and mining industry in a nascent recovery in global industrial production. The mining giant's IR director tells analysts he doesn't see in 2013 "conditions for iron-ore prices to dive like they did last year," with most of the world's major economies expected to post somewhat better growth in coming quarters.