Brazil’s Vale says not worried about iron ore prices
JUSTIÇA DE SÃO PAULO DETERMINA QUE O MUNICIPIO AUTORIZE A EXPEDIÇÃO DE NOTAS FISCAIS ELETRÔNICAS.
9 de fevereiro de 2024
Por que Rússia deve crescer mais do que todos os países desenvolvidos, apesar de guerra e sanções, segundo o FMI
18 de abril de 2024Brazilian iron ore giant Vale SA said on Saturday it was not concerned about iron ore prices despite a recent drop in the price of copper.
“We will look at the market and see how it behaves 2-3 months,” Vale executive director Jose Martins told reporters at the groundbreaking ceremony of the company’s $1.3 billion iron ore distribution centre in Malaysia’s northern Perak state.
“We are not concerned about the behaviour of the price because we follow the market. Whatever the market says we follow. We are not pricemakers, we are price followers.”
Copper capped its biggest weekly gain in more than six months with a 2 percent burst on Friday as encouraging U.S. job data helped the metal recover after falling to a 14-month low early this week.
Martins said any decision to change Vale’s settlement currency from the US dollar to Chinese yuan would depend on how convertible the yuan is, with any decision to make it more convertible “very welcomed”.
