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Iron's in a sweet spot with good profits, little new supply

Monday, August 7, 2017 - 05:50

Rio de Janeiro

THE world's biggest producer of iron ore says the industry is enjoying a Goldilocks moment with prices generating a tidy profit but are not enough to lure much new supply.

"The market is in a sweet spot right now from US$60 to US$70," Vale chief financial officer

sentifi.com

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