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08 May

Vale sees growing iron ore agglomerates demand

Brazilian miner Vale foresees a seaborne demand increase of over 140 million tonnes/year of direct reduced iron and blast furnace agglomerates by 2030. The firm's pricing market manager, Eduardo Mello France, told Wednesday’s Singapore Iron Ore Forum he expects demand for BF agglomerates and lump to increase at a compound annual growth rate of 2% from 2023 through 2030. Meanwhile, DR agglomerates are projected to grow at 15%, Kallanish notes. "…
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