Cliffs Natural Resources and Vale SA Look to Benefit From Surge in Chinese Iron Ore Demand
The Paragon Report Provides Stock Research on Cliffs Natural Resources and Vale SA
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/20/12 -- Iron ore producers earlier this year had experienced a downturn in Chinese demand after officials cut the country's 2012 target growth rate to 7.5 percent -- the lowest year-on-year growth projection in eight years. But recent plans from the Chinese government to help boost their struggling economy have sparked a rally in iron ore prices. The Paragon Report examines investing opportunities in the Iron Ore Industry and provides equity research on Cliffs Natural Resources Inc. (NYSE: CLF) and Vale SA (NYSE: VALE).
Access to the full company reports can be found at:
The Chinese government earlier this month approved plans to build over US$150 billion in infrastructure projects in an attempt to boost their struggling economy. Steel mills across China have increased their purchases for iron ore following the announcement. Last week, prices for the commodity at the Chinese port of Tianjin saw its biggest gain in nearly years after jumping 6.7 percent to $95 a metric ton, data from The Steel Index Ltd. has shown.
"China has shown its hand," Richard Lee, a Barclay's iron ore and dry-bulk trader, said by e-mail according to Bloomberg. "It intends to add a number of new projects and mills are now short, and therefore they are restocking."
Paragon Report releases regular market updates on the Iron Ore Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Cliffs Natural Resources is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal. In their second quarter 2012 results release the company maintained its 2012 U.S. Iron Ore sales and production volume expectations of approximately 23 million tons and 22 million tons, respectively.
Vale SA is a Brazil-based metals and mining company. The company reported iron ore output reached 80.5 million metric tons in the second quarter of 2012, a new second quarter record. Total production increased 15.1 percent against first quarter 2012 and 0.4 percent against second quarter 2011.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2012 - 06:20 Uhr
Sprache: Deutsch
News-ID 1152979
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NEW YORK, NY
Phone:
Kategorie:
Investment Services & Trading
Anmerkungen:
Diese Pressemitteilung wurde bisher 119 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cliffs Natural Resources and Vale SA Look to Benefit From Surge in Chinese Iron Ore Demand
"
steht unter der journalistisch-redaktionellen Verantwortung von
Paragon Financial Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
