Today I cam across an article about Brazilian iron ore giant Vale, and the observations from this company are also worthy of noting:
He said that Vale was operating close to full capacity after restarting mines that had been shut down due to weak demand stemming from the economic downturn. Vale is able to produce about 300 million tonnes of iron ore annually.And there is this:
"The recovery has been very fast, faster than we could have expected," Mr Neves said. He also said the company was building 16 vessels with a capacity of 400,000 tonnes each. They were expected to be delivered by the end of 2010 or the beginning of 2011.
Vale last year ordered a dozen 400,000 tonne bulk carriers, also known as very large ore carriers, or VLOCs, from China's Rongsheng Shipbuilding and Heavy Industries, at a cost of $1.6 billion.If there is one particular sector to focus on right now I would be sticking to iron ore.
Lots of other commodities are also rallying like gold, oil, and gas as well as emerging technology driven commodities like lithium and rare earths but iron ore in my opinion iron ore will be the most rewarding sector.
Iron ore is abundant! It is easy to find, and more importantly it is easy to mine, so there will be many small explorers that will actually bring their projects into actual production!
Iron ore is the sector to focus on!








