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Iron ore price to dictate Vale's 2017

Brazil-focused iron ore major Vale (US:VALE) is working overtime to build up its market value by making further balance sheet improvements and fixing it's share structure, though much hinges on its bullish view of the iron ore price for 2017.

Iron ore price to dictate Vale's 2017 Iron ore price to dictate Vale's 2017 Iron ore price to dictate Vale's 2017 Iron ore price to dictate Vale's 2017 Iron ore price to dictate Vale's 2017

Vale is betting on a premium price for its high-quality iron ore shipments to China

The company has told analysts this week it will continue to prioritise its debt overhang, which a rising iron ore price had helped pull down to just over US$25 billion by the end of last year.

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