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

Topic |   China economy
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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