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United Nations: iron ore prices remain high or continue into 2012

Sep 05,2018
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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.
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