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No. Iron ore pricing is in the hands of the world's three steel giants, and you should already know that Vale has been talking about price increases recently. Break it down:
In the short term, the long-term agreement price will be the same as the current price, so these two ** mechanisms are bound to be both **, coupled with the strength of Vale and the lack of EU intervention, the recent price increase of iron ore is certain. Medium-term: The metal industry has always been a cyclical industry, so in the second half of this year, iron and steel prices will definitely fall to a certain extent.
Long-term: As the earth's scarcer mineral resources, like oil, the price of the taste buds will continue to rise in general within 20 years, unless there is an explosive growth of alternative products, but I don't think this is likely in 20 years.
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Brazil is one of the four major BRICS, Wall Street, the Financial Times evaluated Brazil as the country most likely to become a developed country, because of Brazil's high per capita GDP, but Brazil's gap between the rich and the poor exceeds that of Africa, and may be the second largest gap between the rich and the poor in the world, from the perspective of the Gini coefficient, the top 10 countries are Sierra Leone, Brazil, Guatemala, South Africa, Paraguay, Colombia, Panama, Zimbabwe, Chile, Guinea-Bissau.
You know now, because the gap between the rich and the poor is increasing, so that Brazil's law and order is very poor, the police have rain thieves cooperate in money laundering, in the Brazilian slums children play football to make a fortune, is drug trafficking, Brazilian reporters interviewed slum children, asked him what his ideals are, he said: grow up to become a big drug lord. Because in Brazil, only lawyers can earn as much as the big drug lords, and 10% of the soldiers in the Brazilian army have criminal records, can such a force govern the country well?
Brazil's development is based on the sale of resources, from the forests of the Amazon, to iron ore, and agriculture, but Brazil's seeds are all bought by the Yankees, which is what China is worried about, for fear that the Yankees will monopolize China's seeds!!
In fact, Chinese companies are very stupid, Brazil has proven ore can be mined for 200 years, there are many unproven mines, Brazilian entrepreneurs have repeatedly invited Chinese companies to Brazil to mine undiscovered mines, so that they can make money, Chinese companies are interested in going, but Brazilian legal and language reasons, many companies have not started, now more mature is Wuhan Iron and Steel bought the shares of Brazil's third largest ore company, There is also the recent East China Mineral Exploration and Development Bureau will buy Brazilian iron ore (itaminascomerciodeminerios) for 1.2 billion US dollars, this plant Vale has long been acquired, but the price code is negotiable, this ** is priced according to the ratio of supply and demand, the world's three major ore giants because of Hu Shitai's matter has understood China's demand for iron ore in the next 10 years or so, so a price a year, you can not import their iron ore, But other iron ore has no stability, so China can only be beaten passively.
But going to Brazil to develop a proven mine is a good way out, but Brazilians speak Portuguese, proficient in Spanish, not many can speak English, they are not like China to popularize English since childhood, they are just rich people, may go to the United States to study, English, Chinese can English, Russian, French people are more, but there are very few people who can speak Brazilian Portuguese, Brazilian Portuguese is different from Portuguese in Portugal, just like the difference between British English and American English, the difference may be greater.
One is the language barrier, the other is the difference in law, Brazil's law is based on the protection of the interests of the people, making it difficult for foreign capital to get benefits, which is also the reason for the economic development of Brazil!
The price of iron ore is in the hands of foreigners, China has no shares in foreign ore companies, and at the same time has no right to speak, only to develop mines in foreign countries, become a major shareholder to ensure the supply of iron ore.
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No. I agree with 2009Playgirl.
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Summary. Hello dear! The following answers to your question "Why did Brazil withdraw from the iron ore export market in 21]:
Dear, because Brazil is insolvent and unable to repay its debts, it can only file for bankruptcy and withdraw from the iron ore export market. The concept of "national bankruptcy" was introduced by the International Monetary Organization in 2002 and refers to a situation in which a country's external assets are less than its external liabilities, i.e., it is insolvent.
Hello dear! The following answer to your question about "why did Brazil withdraw from the iron ore export market in 21 years": Dear, because Bahu accompanied the West to become insolvent, and could not repay the debt, he could only file for bankruptcy, and then withdraw from the Xian field of the Iron Ore Export Market Bureau.
The concept of "national bankruptcy" was introduced by the International Monetary Organization in 2002 and refers to a situation in which a country's external assets are less than its external liabilities, i.e., it is insolvent.
Specifically, a country's financial revenue is insufficient to pay for the foreign exchange necessary for its imported goods, or its sovereign debt is greater than its GDP, for example, a country's GDP is only $100 billion, but its external debt has reached $150 billion, then it is insolvent.
It was the referee who gave unfair penalties, which caused the dissatisfaction of Chinese coach Deng Huade, and then because the Brazilian players repeatedly had frictions with Chinese players, and finally caused a group fight! The sin is in the judge!
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