Brazilian iron ore mining giant Vale is looking to increase the use of its skyscraper-sized Valemax ships to meet growing demand for iron ore in China. Photo: Handout
Brazilian iron ore mining giant Vale is looking to increase the use of its skyscraper-sized Valemax ships to meet growing demand for iron ore in China. Photo: Handout

China’s appetite for iron ore prompts Brazilian miner Vale to explore new deep water port

  • Vale eyes a deep-berth port in Brazil to use more of its massive Valemax ships after China last month approved four new ports to host them
  • China wants to diversify its iron ore sources to ensure supply and keep prices down as domestic demand surges for steel amid economic recovery

Brazilian iron ore mining giant Vale is looking to increase the use of its skyscraper-sized Valemax ships to meet growing demand for iron ore in China. Photo: Handout
Brazilian iron ore mining giant Vale is looking to increase the use of its skyscraper-sized Valemax ships to meet growing demand for iron ore in China. Photo: Handout
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