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Brazil's Vale sees a 'very vigorous' economic recovery in China

11th May 2020

By: Reuters

  

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RIO DE JANEIRO – Brazil's Vale is seeing a "very vigorous" economic rebound in China, the iron-ore miner's principal export market, CFO Luciano Siani said during an online event hosted by newspaper Valor Economico on Friday.

"Industrial activities [in China] are practically at their normal levels.... Civil construction is also rising daily and steel and iron ore stocks are falling," he said.

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Edited by Reuters

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