28-07-2018

Vale sees stable iron ore prices, rising premiums despite global trade woes

Brazil’s Vale , the world’s top iron ore producer, forecast stable iron ore prices and rising premiums for its top quality ore thanks to strong demand from China, despite global trade tensions.

In a conference call a day after posting solid second quarter results, executives also said that a business plan for Samarco, a disaster-hit joint venture with BHP, is being finalized and will shed light on when operations there could restart.

Source: Reuters

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