Vale sees iron ore prices above $85 despite tariff turmoil
One of the world’s top iron ore producers dismissed analysts’ predictions that prices of the steelmaking material will tumble amid a tariff-fueled economic slowdown.
The iron ore price dropped on Thursday, as investors shifted their focus back to the gloomy China demand outlook after a short-lived boost from the latest government rhetoric on economic stimulus. According to Fastmarkets MB, benchmark 62% Fe fines imported...
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