Vale Sees Iron Ore Output Rising

Reuters reported Vale (SAO:VALE5) says iron ore prices will rise in the second half of 2012.

As quoted in the market news:

Iron ore fell to its lowest level in nearly six months on Friday, slipping 1.7 percent to $131.30 a tonne. The medium- to long-term price, though, should trade in the range of $120 to $180 a tonne, Jose Carlos Martins, Vale’s head of ferrous metals and strategy, told reporters in Rio de Janeiro.

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