Vale predicts less volatility in ’13 iron ore prices

Dec 07, 2012 | 01:38 PM | Michelle Madsen

Tags  Vale, iron ore, iron ore prices, Jose Carlos Martins, Murilo Ferreira, index pricing, Michelle Madsen

LONDON — Brazilian iron ore miner Vale SA expects iron ore price volatility to ease in 2013.

"Prices will not change so much. We expect only minor movements," Vale chief executive officer Murilo Ferreira said Thursday in London.

The past year has seen iron ore prices swing from highs of nearly $150 per tonne in April to lows below $90 per tonne in early September. ....

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