Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Brazilian iron ore miner Vale SA said on Tuesday it has received 82 positive structural stability certificates at its domestic operations, with three dams being awarded positive certificates after negative evaluations in March.
In a securities filing, the miner also said six deactivated high dams still have negative structural stability certificates, while the Vargem Grande dam at its Vargem Grande complex still has a negative certificate too, it added.
(By Jamie McGeever; Editing by Paul Simao)
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