Iron ore prices likely to stay high despite return of Vale’s Brucutu, analysts say

摘要

The return to full operations of Vale’s Brucutu mine may not beenough for a major iron ore price downturn amid supply cuts inAustralia and high demand from China, investment bank analystssaid on Wednesday June 19.Most estimates put iron ore prices above $90 per tonne cfr Chinafor now, even as some 20 million tonnes per year of capacity returnto the seaborne market. These volumes represent around 4.4% ofVale’s 450 million tpy capacity.