Vale (RIO) Is Well on Its Way to Losing China Business
Sep 26th, 2008 | By Andrew Snyder | Category: Emerging MarketsBrazilian metals and mining company Vale (NYSE:RIO) has canceled its iron ore shipments to China until the country’s steelmakers cough up more dough. But China has other ideas. Vale may find its products aren’t as vital as it originally thought, says Stephanie Grimmett.