The pressure to focus on commodities like iron ore is growing along with increasing demand from China.
"Politicians are not sensitive to how you price iron ore versus steel, " he says.
Alderon Iron Ore Corp shares are currently trading off about 3.5% on the day.
According to Citigroup, iron ore surplus is expected to reach 70 million tonnes by 2015.
Brazil's exports to China are currently dominated by commodities and natural resources such as iron ore.
The value was unchanged because prices for coffee, cotton, coal and iron ore fell.
In 1995 they successfully bid for SSGPO, an iron ore mine, and Kazchrom, a ferroalloy producer.
There has also been a marked decline in exports of engineering goods, textiles and iron ore.
Looking ahead, the recovery in iron ore spot prices brings some comfort for Vale investors.
Iron ore imports rose 32% to 148 million tons while soybeans doubled to 24 million tons.
The group was visiting Sundance's iron ore project in Cameroon and Congo, the company said.
This would likely translate to a corresponding increase in iron ore pellets sales for the division.
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Alderon Iron Ore Corp shares are currently trading down about 7.5% on the day.
The price of iron ore has fallen almost 30% in just the last two months.
That has led to a fall in demand and prices of commodities such as iron ore.
One reason was lower than expected iron ore shipments, 7% lower and higher than expected costs.
The main sources of inflation in China are commodities, mainly oil, iron ore and agricultural commodities.
Iron ore rose a modest 4 percent compared to the previous month, which is encouraging.
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The company added the supply shortfall of iron ore will persist in the long run.
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We expect iron ore prices to remain substantially low from 2011 prices for our forecast period.
Miners in Sydney were lower after Goldman Sachs lowered its iron ore price forecast.
Both the iron ore and copper industries have seen China importing more goods and stockpiling.
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Rio is betting on rapid urbanization to drive demand for steel and thus iron ore.
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Iron ore, also a key component in the production of steel, seems poised to pop.
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It buys enormous amounts of Australian coal and iron ore, which has fueled a natural-resources boom.
It is also a major supplier of direct-shipping lump and fines iron ore out of Australia.
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And iron ore is selling on the spot market at close to record prices.
It started with gold years ago and now embraces copper, iron ore, coal and grains.
CSN's main contribution will be the supply of cheap iron ore and, later on, steel slabs.
Australia's Senate approved the government's new tax on profits from mining iron ore and coal.
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