Iron Ore Price Rebounds As Vale Trims Guidance Again

The sharp fall in iron ore prices to well under $US80 a tonne received a lot of publicity and analysis, but it was a different case when prices regained that key support level a day later after Vale, the big Brazilian miner, downgraded its 2019 iron ore and pellets sales estimate and indicated that 2020 might not see as big a rebound as expected from the fallout from the January 25 mine tailings dam wall tragedy.

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