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Iron ore is going to crash for years – MacroBusiness
Via Yahoo: With iron ore markets tight and margins at astronomical levels, Vale SA (VALE) has announced that its board of directors have approved the implementation of the Serra Sul 120 Project, in Canaã dos Carajás, Brazil. The Serra Sul 120 Project consists…
With iron ore markets tight and margins at astronomical levels, Vale SA (VALE) has announced that its board of directors have approved the implementation of the Serra Sul 120 Project, in Canaã dos Carajás, Brazil.
The Serra Sul 120 Project consists of increasing the S11D mine-plant capacity by 20 Mtpy, which will total 120 Mtpy at site, and has total multiyear investments of $1.5 billion. Its start-up is expected in the first half of 2024….
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