Brazilian exports of iron ore from in the first five months of 2012 fell 19% in value Y/Y, the...

|About: Vale S.A. (VALE)|By:, SA News Editor
Brazilian exports of iron ore from in the first five months of 2012 fell 19% in value Y/Y, the first time Brazilian iron ore exports had declined since 2002. China accounts for 60% of the world market for iron ore, and its slowing economy has led to a 21% Y/Y price drop. Vale (NYSE:VALE) loses its position as Brazil's top exporter to Petrobras (NYSE:PBR).

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