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 rally in the price of iron ore showed no signs of going bust on Wednesday with the Northern China benchmark import price staying firmly above $50 a tonne. The steelmaking raw material was trading at $53.80 per dry metric tonne 62%...
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