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Vale sees iron ore prices to rise in H2
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Reportedly, Brazilian mining giant Vale sees optimistic outlook for iron ore prices in the second half 2012 and it expected the iron ore prices would rise.
Mr. Jose Carlos Martins, Executive Officer for Ferrous Minerals of Vale said that the iron ore prices would remain at US$120~US$180/ton CFR in the long term as the China’s steel demand still remained strong.
News Date
5/21/2012 8:42:42 AM
reported by
Ina Chao
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