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

RIO DE JANEIRO (Reuters) – 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.

Reporting by Marta Nogueira and Alexandra Alper; Editing by Christian Plumb

Learn More about best forex signals review

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

U.S. Treasury chief: ‘Disappointed’ Qualcomm deal not ok’d -CNBC

U.S. holds off on auto tariffs as EU talks begin: Ross