Vale: Chinese demand for iron ore remains strong
Luciano Siani, CFO of the Brazilian mining giant Vale, said last week that Chinese demand for high quality iron ore was likely remain strong in 2019 and therefore kept its iron ore prices above US$90/ton.
In addition to strong demand, the Chinese government was dedicating to a better environment by controlling polluting steel mills, which gave an opportunity for high-quality iron ore producers such as Vale.
