United Nations: iron ore prices remain high or continue into 2012
Labasa Power Station will be held in September on the nine gates of dam
maintenance, total project investment of 11 million euros . Cahora bassa
hydropower installed capacity of 2,075,000 kilowatts, is Africa's
second largest hydropower station, Mozambique has a significant economic
impact.
Israel Export and International Cooperation Association released data
show that the first half of 2010, exports to China increased 115% from a
year earlier, reaching 755 million U.S. dollars, major export products
are electronic equipment, oil refining equipment, mining equipment and
ore. China has become Israel's fifth largest export destination.
Venezuela's central bank data showed, in July the country's consumer
price index rose 1.4% in first 7 months of this year has risen 18% over
the past 12 months has risen 30.5%.
UNCTAD published "The World iron ore market 2009-2011 report." UNCTAD
officials said the global iron ore production in 2009 nearly 16 million
tons, down 6.2% over the previous year; iron ore, while trading volume
reached a record 955 million tons, an increase of 7 over the previous
year .4%. Short-term iron ore supply will lag behind demand, the
situation of high prices is likely to continue until 2012.
Spain's BBVA bank expects economic growth in Latin America in 2010 to
5.5%. South America chief economist of the Bank of China Jinbiyaer said
strong domestic demand driven by the Latin American regional economy
more flexible than expected, with Peru the economic growth rate will
exceed the regional average, up 6.8 percent this year. BBVA bank in
Latin America, currently the second largest financial investment group.