Brazil's Vale expects the price premium for high-grade iron ore fines to decrease in the second quarter compared with those in the first, with production in China resuming.
Brazilian 65% Fe iron ore has been fetching around $20 per tonne more than reference prices for 62% Fe material. This difference is mainly due to supply issues, which reduced inventories in China, the mining major's executive director for ferrous and coal, Marcelo Spinelli, said on Wednesday April 29.Fastmarkets' daily index for iron ore 65% Fe Brazil-origin...