Biotech Values

[DewDiligence]

Apropos to your post on The Global Demographic Tailwind:

http://blogs.forbes.com/kenrapoza/2011/05/06/vales-record-profits-due-to-this

Brazilian mining company Vale said in its first quarter earnings report that China demand for iron ore will continue despite the government trying to force the economy into third gear, rather than China’s fifth gear norm.

“We are expecting an increase in industrial investment and civil construction in the interior regions of China,” Vale said in its earnings report. “Even though there is a slowdown in the construction in residential real estate…the government program to build homes for low income buyers should maintain high demand for steel, iron ore and other metals.”

Notably, VALE’s China sales of iron-ore pellets (the form of iron ore most desired by steelmakers) increased almost 600% year-over-year.

VALE has some revealing slides from its 1Q11 CC last week:
http://www.vale.com/en-US/investidores/web-casts/Pages/forcar-download.aspx?DownloadArquivo=37&Caminho=/investidores/web-casts