Daily iron ore price update (Vale details)

Friday, 29 March 2019

Iron ore prices for March 28, 2019:

Spot down. All else stable. Vale has offered more details, via Platts:

Brazilian miner Vale’s iron ore shipments in 2019 are set to total between 50 million mt to 75 million mt below its prior forecasts due to its recent troubles, Chief Financial Officer Luciano Siani Pires said Thursday during a company conference call.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.