Brazilian miner Vale is "enthusiastic" about China's economic prospects, which will result in increasing demand for its high-grade Caraj??s iron ore, chief executive officer Fabio Schvartsman has said.
"[The] Chinese are in another period of development," he told delegates at Ita??'s Macro Vision investors conference on Tuesday April 10. "They do not want growth at any cost, they want quality growth."For China-based steel producers, quality growth means more modern plants, with increased productivity levels and less pollution."The higher the iron content, the less...