Companhia Vale Do Rio Doce (RIO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Companhia Vale Do Rio Doce (RIO)

VALE 12.09

+1.7%

Oct 31 9:30 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JakeStraw	6/11/2008 9:28:47 AM
	Read Replies (1) of 461

Playing the Brazil Boom businessweek.com "Brazil has other high-demand commodities up its sleeve, too. The global steel market shows no signs of slowing, as long as developing countries continue to expand their infrastructure. Future price hikes by iron ore producer Companhia Vale do Rio Doce (RIO) are underpinned by strong demand in China and India and the difficulty of bringing on new supply to meet demand, says Thompson. "Iron ore looks like an extremely attractive commodity for us over the next five years at least," he says. Ferrying Ore to China And to get a bigger chunk of China's market, CVRD is building a small fleet of mega-freighters able to carry a lot more iron ore to China, serving the small customers that until now haven't been able to afford to sign long-term contracts with the company, says Landers at BlackRock. The company is targeting a 50% boost in sales to China starting next year. Even so, CVRD is trying to diversify its business, adding nickel production by acquiring Canada's Inco two years ago, and planning to expand into copper and other materials as well."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next