Brazilian mining company Vale, the world's largest iron producer and exporter, revealed on the 27th of October that it is optimistic about the demand for products from China, its main market, and confident in Brazil's ability to export better quality iron.

In a conference call with journalists, Vale's management said it was certain that the incentives launched by the government will help promote the Chinese economy and that, together with a lower supply of iron ore in China, they will have a positive impact on the segment.

The effects of the Chinese economy are positive, said Vale CEO Eduardo Bartolomeo, who emphasised the Chinese government's efforts to stimulate the country's economy.

(Source: Diário do Povo)