Vale Will Struggle to Meet Iron Ore Demand as Markets Recover
By Helder Marinho
Feb. 11 (Bloomberg) -- Vale SA, the worlds biggest iron- ore producer, said it will struggle to meet demand for the steelmaking raw material this year as Chinas economy expands.
In 2010, Vale faces a tight situation, as even running its iron ore mines and pellet plants at full capacity we will struggle to satisfy client demand, the Rio de Janeiro-based company said late yesterday in a regulatory filing.
Full article at http://www.bloomberg.com/apps/news?pid=20601087&sid=aSuLOeHtGL6k&pos=7
Comment:
It is mind boggling that IFE, which will be in production later this year, is trading at a market cap of just around $55 million.
Could that even be a PE around one - or even less!!!
- Forums
- ASX - By Stock
- TYX
- struggle to meet iron ore demand ...
struggle to meet iron ore demand ...
-
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TYX (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $23.01M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $21.24K | 3.587M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 765845 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1404115 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 765845 | 0.006 |
13 | 10927095 | 0.005 |
5 | 1800000 | 0.004 |
4 | 1710000 | 0.003 |
3 | 1507550 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1276910 | 6 |
0.008 | 1058806 | 7 |
0.009 | 5893999 | 11 |
0.010 | 2243004 | 9 |
0.011 | 9521600 | 8 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
TYX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online