推薦產(chǎn)品
3-(4-chlorophenyl)-4-phenyl-4,5-dihydro-1H-pyrazole 2-(chloromethyl)-3-methylpyridinehydrochloride 1-(2-bromo-4-methylphenyl)ethanone 3-chloroisoquinoline-4-carbonitrile 5,8-dichloropyrido[3,2-d]pyridazine 2-bromomalononitrile 2-(4-(bromomethyl)phenyl)benzo[d]thiazole 1-(bromomethyl)-3-methoxy-2-nitrobenzene 6-bromo-1H-[1,2,3]triazolo[4,5-b]pyridine 4-iodo-2-((trimethylsilyloxy)methyl)thiazole 6-iodoimidazo[1,2-a]pyridine-3-carbonitrile 2-(4-chlorophenyl)-2-morpholinoacetonitrile 4-chloro-7H-pyrrolo[2,3-d]pyrimidine 4-chloroisothiazole 5-bromo-6-chloro-1H-indole 7-chloro-3H-imidazo[4,5-b]pyridine ethyl3-(4-formylphenyl)propanoate 2,3-dibromobenzaldehyde 1-(5H-chromeno[2,3-b]pyridin-7-yl)ethanone 5H-chromeno[2,3-b]pyridin-5-one 3-chloroisoquinoline-4-carbaldehyde (E)-2-(3-oxoprop-1-enyl)benzaldehyde methyl4-formyl-3-nitrobenzoate 5,6-dimethoxy-2,2-dimethyl-2,3-dihydro-1H-inden-1-one 1-methylbicyclo[4.1.0]heptan-3-one 3-nitro-4-(trifluoromethoxy)benzaldehyde 2-hydroxyquinoline-6-carbaldehyde 2-nitro-3-(trifluoromethyl)benzaldehyde 1-(2-fluoro-4-methoxyphenyl)propan-2-one tert-butyl3-fluoro-4-oxopiperidine-1-carboxylate tert-butyl3-oxopropylcarbamate 2,2-dimethylcyclohexanone 9H-carbazole-3-carbaldehyde N,N-dimethyl-2-oxoacetamide 2-methylpent-4-yn-2-ol 3-tert-butyl-4-hydroxybenzonitrile 4-bromo-2-tert-butylphenol 1,3-dibutoxypropan-2-ol methyl4-hydroxyquinoline-6-carboxylate methyl3-cyano-4-hydroxybenzoate 4-chloro-6-methoxyquinolin-7-ol 3,4-dihydro-2H-benzo[b][1,4]oxazin-7-ol 2-(2-aminothiazol-5-yl)ethanolhydrochloride (R)-ethyl2-chloropropanoate (S)-4-amino-5-(4,4-dimethylcyclohexylamino)-5-oxopentanoicacid (1s,4s)-4-hydroxycyclohexanecarboxylicacid (S)-2-(tetrahydrofuran-3-yloxy)aceticacid (1S,4R)-1-methyl-4-(prop-1-en-2-yl)cyclohex-2-enol (R)-4-(hydroxymethyl)oxazolidin-2-one (S)-4-(hydroxymethyl)oxazolidin-2-one 化工資訊 盡管巴西礦業(yè)公司Vale一直聲稱要降低黑色金屬業(yè)務(wù)的收入占比，但公司對(duì)作為主要收入來源的鐵礦石業(yè)務(wù)依存度仍非常高。
Vale將黑色金屬礦業(yè)務(wù)收入占比的目標(biāo)定為70%，而2018年第三季度黑色金屬礦業(yè)務(wù)收入仍占公司稅息折舊及攤銷前總利潤(rùn)(EBITDA)的90%。
然而，F(xiàn)itch solutions (信用及宏觀經(jīng)濟(jì)環(huán)境測(cè)評(píng)服務(wù)公司)認(rèn)為Vale將收入來源從鐵礦石為主向收入結(jié)構(gòu)多元化轉(zhuǎn)換的道路并不平坦。Vale旗下SD11鐵礦項(xiàng)目正逐步達(dá)產(chǎn)，預(yù)計(jì)至2020年前該項(xiàng)目年產(chǎn)量將達(dá)9000萬噸，進(jìn)一步增強(qiáng)了公司鐵礦石業(yè)務(wù)的權(quán)重，而公司目前并無新的有色項(xiàng)目與鐵礦項(xiàng)目抗衡。
Vale的非黑色金屬項(xiàng)目包括位于澳大利亞的Belvedere焦煤項(xiàng)目，及持股50%的Eagle Downs焦煤項(xiàng)目。公司在巴西擁有Pantera銅金礦項(xiàng)目。
Fitch在一份新的報(bào)告中稱，“Vale的有色項(xiàng)目目前收入遠(yuǎn)不及黑色項(xiàng)目的收入。”
Vale的CEO表示，短期內(nèi)不會(huì)開展兼并業(yè)務(wù)，并稱即使全球鎳礦價(jià)格上漲，也僅會(huì)投資新的鎳礦項(xiàng)目。
因此，未來礦石價(jià)格一旦下跌，將對(duì)Vale業(yè)績(jī)帶來巨大的影響。Fitch Solutions預(yù)計(jì)2018年鐵礦價(jià)格在55美元/噸，2019年鐵礦價(jià)格將降至48美元/噸。
SD11項(xiàng)目?jī)?chǔ)量達(dá)40億噸，這助力Vale成為市場(chǎng)上鐵礦成本最低的礦業(yè)公司。SD11項(xiàng)目出產(chǎn)的礦石品位高達(dá)66%，因此Vale計(jì)劃增加高品位礦到中國(guó)的發(fā)運(yùn)量。
