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China’s Iron Ore Requirement to Keep Improving Until Next Decade – Vale

Owing to its growing population and urbanization, China's requirement for key steelmaking ingredient iron ore will continue to keep improving until the next decade, Murilo Ferreira, Vale's Chief Executive, said on Monday.

Speaking at a Credit Suisse conference in Hong Kong on Monday, he said the Asian country's demand for the raw commodity could hit 1 billion tonnes on the back of increased steel production needed to augur for the production and manufacturing of houses and rail roads, among others.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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