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Global Markets: UN predicts ore oversupply for more years

Vale Carajas Mne
Vale Carajás iron ore Mine, Brazil
The United Nations Conference on Trade and Development (UNCTAD, its acronym in English ) published a report which says that the market will witness the increase in iron ore supply by "a few more years". 
Thus, prices will remain low and will be determined based on what is needed for investments to continue, particularly by Vale, the Organization said.(source:noticiasdemineracao.com)

 

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