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Vale Forecasts Iron Ore Prices to Rise Above $110 This Year
Mar. 18, 2013 04:57PM PST
Base Metals Investing Reuters reported that Brazil’s Vale SA, which is the biggest iron ore producer in the world, sees the price of the metal to rise above $110 a ton this year on China’s strong demand.
Reuters reported that Brazil’s Vale SA, which is the biggest iron ore producer in the world, sees the price of the metal to rise above $110 a ton this year on China’s strong demand.
As quoted in the market news:
We forecast $110 to $145 in terms of the average for this year,” said Murilo Ferreira, in a presentation at the Credit Suisse Asian Investment Conference in Hong Kong on Monday.
