The price of iron ore in the world show a rapid increase in 2017 and will stay at above $80 per tonne, according to Reuters.
This forecast, in particular, gives one of the world’s largest mining companies, Vale SA. According to the Executive Director, commodity division, “amid rising steel demand and a small influx of new products on the world market, iron ore prices in 2017 will be held, on average, at above $80 per ton”.
Note that last week, spot iron ore prices have already exceeded $94/MT, which was the highest figure since August 2014
In General, the maximum value of the iron ore prices reached in 2010 (over $180/t). Beginning in the fall of 2013 has declined steadily, falling below $50/t in the winter of 2016.
