Iron ore majors ramp up supply even as China faces challenges
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
Brazilian mining giant Vale sees iron ore prices for clients remaining flat in the third quarter compared to the second quarter, Vale Chief Executive Murilo Ferreira said on Monday.
“The price will remain practically unchanged for the third quarter,” Ferreira said at a press conference.