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Global Mining Markets: Brazil loose competitiveness with low ore prices and may have to suspend projects

IRON ORE
IRON ORE

At the current price level of iron ore, below $84 a ton, only Vale is able to generate a positive cash flow, says a report from analysts at Goldman Sachs released on 9th September. Companies like National Steel Company (CSN), Gerdau and Usiminas Mining should take losses if exporting ore at current prices, according to analysts.

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