Samarco sees pellet market under pressure, but eyes recovery

Brazilian miner Samarco sees the global iron ore pellet market “under significant pressure” due to geopolitical issues, but the long-term outlook is for a recovery in prices and increased demand for high-quality products, CEO Rodrigo Vilela said.

“Samarco believes in the fundamentals for pellet use, especially in our case, as we produce a high-quality pellet that is mostly used in reactors for direct reduction,” Vilela told Reuters on the sidelines of an event late on Tuesday.

(By Marta Nogueira and Isabel Teles; Editing by Gabriel Araujo)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Samarco sees pellet market under pressure, but eyes recovery

By Reuters

Reuters

Reuters

Ex-Fed insider warns of systemic 'liquidity crisis,' sees gold sell-off as a major 'distress signal'

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Gold and silver see worst one-day drop in years, but long-term uptrend remains solid - Experts

Strong price pressure on gold, silver amid extreme volatility

It’s time to take profits on gold and silver, but ‘this is the trifecta I’m watching’ - Marketgauge’s Schneider