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

Summary:
[unable to retrieve full-text content]Brazilian iron ore mining giant Vale is in talks with the Alcantara Port Terminal on Brazil’s northern coast to increase iron ore shipments to China – a move that aligns with China’s recent attempts to diversify its sources of the critical steelmaking ingredient amid a surge in domestic demand.Alcantara offers a deep water port that could host so-called Chinamax or Valemax iron ore carriers – ships as big as some skyscrapers that can carry much more cargo than normal iron ore transport vessels…

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[unable to retrieve full-text content]
Brazilian iron ore mining giant Vale is in talks with the Alcantara Port Terminal on Brazil’s northern coast to increase iron ore shipments to China – a move that aligns with China’s recent attempts to diversify its sources of the critical steelmaking ingredient amid a surge in domestic demand.Alcantara offers a deep water port that could host so-called Chinamax or Valemax iron ore carriers – ships as big as some skyscrapers that can carry much more cargo than normal iron ore transport vessels…

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