I suggest you try your luck in Vale official website. MMX CEO 12 said that China's iron ore imports increased by 40% this year, and it is expected that the spot price of iron ore in China will further increase next year.
Comprehensive foreign news165438+1October 12 reported that the Brazilian iron ore company MMX (MMX Minera Cao 'e Metal Company) 12 said that the iron ore import volume in China increased greatly in 2009, and the spot price of iron ore including freight and shipping costs has now exceeded 100.
At the company's third-quarter performance meeting on June 5438+02, Roger Downey, CEO of the company, said that China's iron ore imports increased by 40% this year, although the imports slowed down on June 5438+00.
Regarding the future, Downey said that he did not see any factors that prevented the spot price in China from rising at 20 10.
He said, "The pressure is actually on supply."
Downey said that he disagreed with the view that more use of China's high-cost iron ore would reduce the price increase.
He said, "The average cost of mining in China will definitely rise."
He added that because of this, China prefers to import iron ore overseas because it is more realistic.
Downey said, "The spot price is higher than 100 USD/ton; I expect the price to rise further, because it is expected that China's steel production will continue to grow next year. "
He said, "The prospect of iron ore price is undoubtedly very good."