Vale forecasts iron ore price 'around' $70 per tonne through 2017

Vale expects the average iron ore sales price in the global market in 2017 to stay around $70 per tonne, despite the recent falls in trade values.

"Declines were mostly due to market sentiment, rather than fundamentals,” the Brazilian miner’s executive director for ferrous minerals, Peter Poppinga, told analysts during a conference call on Thursday April 27.

Metal Bulletin’s 62% Fe Iron Ore Index was $66.42 per tonne...

Published

Ana Paula Camargo

April 27, 2017

18:20 GMT

São Paulo