Iron Ore Price To Incentivise Swing Production, Says BMO



BMO director, equity research, metals & mining - international, Edward Sterck, said a restart of Vale's stalled 30Mtpa Brucutu mine in Brazil could restore 15Mt of production in the second half of this year. But there was no sign of a restart yet.

Global iron ore production has been impacted in the first half of 2019 by Vale's dam failure at Brumadinho in Brazil, and the continuing legal issues around Brucutu