Vale forecasts iron ore price at $50 per tonne in H2 2016

The average iron ore sales price in the global market will stay around the $50 per tonne mark in the second half of 2016, Vale executive director for ferrous minerals Peter Poppinga has said.

“If demand stays firm, which is what seems to be happening, [the] iron ore [price] will stay at $50 per tonne,” he told analysts during a conference call on Thursday...


Ana Paula Camargo

July 28, 2016

19:55 GMT

São Paulo