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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.