Vale, the largest producer of iron ore globally, expects prices for the commodity to remain strong this year, climbing as high as $180 a tonne as demand from steel mills in China accelerates.
“There is a new level of prices for iron ore globally,” Tito Martins, chief financial officer of the Brazilian miner told the Financial Times, arguing that when prices drop below about $120 a tonne higher-cost Chinese producers cease to be competitive.
Other Vale executives reiterated the company’s bullish outlook for prices, on a conference call with analysts. José Carlos Martins, Vale’s head of ore and strategy, forecast earlier this month that iron ore would trade in a range of $120-$180 a tonne in the long term.
您已阅读32%（711字），剩余68%（1533字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。