Ferrosilicon Daily Express 2.25

  • Thursday, February 25, 2021
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon, futures, spot
[Fellow]"China has been the largest market for Vale since 2006 and has become more and more important to Vale in recent years," Xie said.

[Ferro-Alloys.comOrigin Quantum, a three-year-old startup focusing on quantum computers and related technologies, recently rolled out an operating system called Origin Pilot. The system will effectively improve the overall utilization of quantum chips and shorten the time it takes to put a new quantum computer into operation, according to experts.

The company is based in Hefei, Anhui province, now a hub for China's quantum technology. Yunfei Lu where the company is located, is often called "Quantum Street" by locals as it is home to over 20 quantum technology startups.

Some 150 kilometers east of Hefei, 10 5G-driven unmanned mining trucks were rumbling with full loads of iron ore at a mine owned by Masteel (Group) Holding Co Ltd, one of China's largest iron and steel complexes.

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.

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  • [Editor:kangmingfei]

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