Brazil's Vale bullish on conditions in China

Brazilian mining company Vale SA said it will continue investing in China and further expand its presence in the country, which has been witnessing an ever increasing share of the global mining giant's total sales.

Vale supplied 192 million metric tons of iron ore and pellets to China in 2020, accounting for 67 percent of the company's total sales and surpassing the 61 percent in the same period of 2019, according to Tracy Xie, president of Vale China.

"China has been the largest market for Vale since 2006 and has become more and more important to Vale in recent years," Xie said.