Vale says it could expand Brazil iron-ore mine as Chinese demand grows

Mining Weekly/Reuters/9-20-2018

“Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for higher-grade varieties of the commodity, a company official said on Thursday. China, the world’s top consumer of the steel-making ingredient, has ramped up buying of higher-quality, less polluting grades as it battles to clear its notoriously smoggy skies.”

USAGOLD note:  More anecdotal evidence running contrary to the notion that Chinese demand for base and precious metals will collapse the result of the trade war. (Please see post immediately below.)

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