Vale sees stable iron ore prices, rising premiums despite global trade woes

Vale sees stable iron ore prices, rising premiums despite global trade woes

Vale sees stable iron ore prices, rising premiums despite global trade woes

Brazil’s Vale , the world’s top iron ore producer, forecast stable iron ore prices and rising premiums for its top quality ore thanks to strong demand from China, despite global trade tensions.

In a conference call a day after posting solid second quarter results, executives also said that a business plan for Samarco, a disaster-hit joint venture with BHP, is being finalized and will shed light on when operations there could restart.

Manjula

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