Advertisement
UK markets open in 2 hours 8 minutes
  • NIKKEI 225

    38,030.65
    +402.17 (+1.07%)
     
  • HANG SENG

    17,626.75
    +342.21 (+1.98%)
     
  • CRUDE OIL

    83.87
    +0.30 (+0.36%)
     
  • GOLD FUTURES

    2,346.40
    +3.90 (+0.17%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • Bitcoin GBP

    51,444.62
    -8.73 (-0.02%)
     
  • CMC Crypto 200

    1,386.98
    +4.41 (+0.32%)
     
  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

Can Vale Benefit from China’s Switch to Higher-Quality Iron Ore?

Can Vale Benefit from China’s Switch to Higher-Quality Iron Ore?

Can Vale Expect Significant Upside after 4Q17 Results? Vale (VALE) noted that iron ore prices averaged $71.3 per ton in 2017, 22% higher than average prices in 2016. The steel sector’s outperformance led to higher steel prices around the world, which supported seaborne iron ore prices.