Global Markets: “Two difficult years await Vale” – Bank says
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.
Advertisements
You must log in to post a comment.