Brazil-based miner Vale already benefits from high-grade price indices and from demand for high-quality iron ore, but it expects the premiums paid for purer and less-contaminated ore to rise in the next few years, ferrous minerals and coal director Peter Poppinga said during the company's annual investor presentation in New York on Tuesday December 4.
The Brazilian miner believes that the full-year 2018 average realized price for 62% Fe iron ore will be $10 per tonne higher than the Fastmarkets MB index. And premiums will rise to $12.00-12.50 per tonne in 2019, he added.Fastmarkets' index for 62% Fe iron ore delivered...