Iron ore price of $60-70 per tonne 'very good' for industry, Vale says

Vale believes that an average iron ore sales price of $60-70 per tonne would be “very good for the industry as a whole,” chief executive officer Fabio Schvartsman said at the Brazilian miner’s annual investor day in London on Friday December 8.

An average price at that level reinforces the need for miners to have high-quality ore to offer the market, as well as to control their costs, to...

Published

Ana Paula Camargo

December 08, 2017

15:15 GMT

São Paulo