Vale Sees China Slowdown Blunted by Brazil Real Depreciation

Vale SA (VALE5), Brazil’s largest exporter, said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto Group and BHP Billiton Ltd. (BHP)

http://www.businessweek.com/news/2013-06-16/vale-sees-china-slowdown-blunted-by-brazil-currency-depreciation

 

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