Daily iron ore price update (Vale hopes)

And its going to do swimmingly for awhile longer, so says Vale, from the AFR:
 

“The market is in a sweet spot right now from $US60 to $US70,” Vale chief financial officer Luciano Siani Pires told Bloomberg Television. “It is a price which does not incentivise too much swing capacity to come back and it’s a very profitable range for major mining companies.”