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Global Markets: “Two difficult years await Vale” – Bank says

Vale headquarters
Vale headquarters, Brazil

Credit Suisse Bank analysts said in a report released on monday (21), believe that Vale will face a period “challenging” in 2016 and 2017. “Before it returns to a robust cash generation in 2018, when we expect prices base metals and iron ore recovery, the S11D project [of iron ore in Carajas] will be in ramp-up,” says the document.

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