China will continue demanding higher quality iron ore to contain the pollution in the country, Vale’s top executive told analysts this week at a conference.
Vale CEO Fabio Schvartsman said the company will benefit from China’s demand for better quality iron ore, and said Vale has one of the best quality iron ore products worldwide. The executive said the premium buyers pay for a 65 percent Fe iron ore ranges between $15 to $17/mt.
Schvartsman said the popularization of electric cars should also drive further demand for Vale’s nickel products.