28/11/2014at 12:07

Vale: Higher iron ore prices in 2015

Iron prices will increase again in 2015 after reaching a five-year low, according to producer Vale, reports Bloomberg.

BY LOUISE VOGDRUP-SCHMIDT

Brazilian iron ore producer Vale is one of the biggest players in the market and the company has suffered from the fact that iron prices have dropped 49 percent in the recent year. But now the company believes that next year will bring improving prices.

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