Brazil’s Vale sees 50 million tonnes of iron ore entering 2017 market

01 November 2016

Brazilian miner Vale SA expects 50 million tonnes of new iron ore production to enter the global market in 2017, but it should be offset by falling production in China and increased steel demand.

Sources reported to have said that the 50 million tonnes would be composed of 28 million tonnes from Brazil, 18 million tonnes from Australia and 4 million tonnes from India.

Source – Reuters