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Vale on iron ore price: after hitting 2-year low, the only way is up

Frik Els | November 08, 2011 | 11:53 pm Asia Europe Latin America Iron Ore 

Bloomberg reports Rio de Janeiro-based Vale SA, the world’s largest iron-ore producer, said prices for the raw material have stabilized and are recovering from “rock bottom” levels as a result of lower-than-expected production and strong demand from China, India and...

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