Wednesday, October 20, 2010

Vale CEO sees iron ore prices at USD 130 to USD 160

Mr Roger Agnelli CEO of Brazilian mining giant Vale said on Monday that he expects iron ore prices to average between USD 130 per tonne to USD 160 per tonne this year and expects a similar range in 2011 Agnelli told reporters at a news conference in New York that the range depends on issues like freight costs and quality.

Source: Reuters

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