Vale eyes listing on Shanghai Stock Exchange

The world's largest iron ore producer and exporter Brazil-based Vale has stated that it is planning to become one of the first foreign companies to be listed on Shanghai Stock Exchange, in order to benefit from Asia's strong demand for commodities.
 
Guilherme Cavalcanti, Vale's chief financial officer, has stated that Vale could be listed on Shanghai Stock Exchange within two years at the earliest.
 
In December 2010, Vale became the first Brazilian company to be listed on Hong Kong Stock Exchange.
 
Over 53 percent of Vale's total revenue in 2010 came from the Asian market, with China accounting for more than 33 percent.