Vale expects iron ore price to remain strong for longer amid mine depletion

Brazil-based miner Vale expected fundamentals for the current positive commodity cycle to remain for longer, especially considering the iron ore mine depletion estimated for this decade, the company said on Tuesday May 17.

Almost 30% of total seaborne volumes, or 473 million tonnes, were projected to leave the market in the 2021-30 period – most of it from Australia, Vale added in a...

Published

Renato Rostás

May 17, 2022

18:30 GMT

São Paulo