Vale Says Fortescue Iron Ore Venture Talks Stall on Price

  • Vale-Fortescue blending JV won’t happen this year: Poppinga
  • Fortescue CEO said in July JV would complete in ‘near future’

Brazil’s Vale SA, the world’s biggest exporter of iron ore, said talks with Fortescue Metals Group Ltd. on a joint venture have stalled as they argue over how to price their products.

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