Companhia Vale do Rio Doce (Vale) has recently been climbing back from lows caused by the severe drop in demand for its principle feedstock, iron ore. However, there are signs that the Brazilian mining giant may be turning the corner, as the Baltic Dry Index (BDI) has begun to show some [...]
Posts Tagged ‘steel’
8 Jan
Ups & downs in Vietnam
2009 can be considered as a special year for Vietnam & it’s economy as the country has now belonged to the World Trade Organisation (WTO) for two years, facing both opportunities for growth along with internal challenges & heralding a sea change as Vietnams markets are now open to foreign companies as never before. Foreign investors [...]
29 Dec
China stocks up on energy & raw materials while prices are depressed
China has embarked on an ambitious spending spree in order to help stave off recessionary pressures & attempt to maintain a growth target of 8% in 2009. Following on from its massive $585M stimulus package, announced in early November, news of deals in energy & metals has been flowing over the last week. When the stimulus package [...]
