Iron ore to stay above $150, says Vale

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Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Iron ore to stay above $150, says Vale

posted on Jul 07, 2011 09:18AM

The price of iron ore will remain above $150 a tonne for at least the next five years, according to Vale, the top miner of the commodity.

The bullish prediction by Guilherme Cavalcanti, finance director of the mining group, is the latest contribution to a debate on the outlook for the iron ore market that has polarised analysts and investors.

http://fairshare.attributor.com/guardian/sourcedetails?key=2fb70f6fc0a6ea30b9e7d3ffaac1a5cc

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