Bloomberg News

Vale Sees Ore Demand in China Growing Coming Years

June 27, 2012

(Corrects to say global iron-ore sales in second paragraph.)

Vale SA (VALE3), the world’s largest iron- ore producer, expects Chinese demand for the mineral to keep rising in coming years, Jose Carlos Martins, executive director for ferrous minerals and strategy, said in Sao Paulo today.

China’s demand for iron-ore will rise to about 90 percent of global sales in coming years from about 80 percent now, Martins said.

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

To contact the editor responsible for this story: Carlos Caminada at ccaminada1@bloomberg.net


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