Vale Says Iron Market ‘Can Only Get Better’ Amid Tight Supply
- Brazil mining giant sees demand for high-quality ore in China
- Vale also turns attention to metals behind energy transition
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The iron ore market has stabilized with impacts of China’s Covid-19 lockdowns and real-estate woes already priced in, according to a top producer of the steelmaking ingredient.
“The good news is that from now on it can only get better,” said Luciano Siani, head of strategy and business transformation at Vale SA, the world’s second-largest iron ore producer.