Vale says expects current iron-ore price equilibrium to continue


Brazil’s Vale, the world’s largest iron-ore exporter, said it expects balanced supply and demand in the iron-ore market to continue with Brazil adding most of the world’s new seaborne supply in 2017.

Brazil will add 28-million tonnes of ore to the seaborne market in 2017, 58% of the net new supply in the main international market for high-quality ore, according to a company report presented by CEO Murilo Ferrira.

Source: Reuters 

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