MELBOURNE, April 3 (Reuters) - Brazil’s Vale SA, the world’s biggest iron ore producer, said it expects iron ore prices to hold around $100 to $125 a tonne over the next one to two years.
Vale CEO Murilo Ferreira also said the company was not interested in chasing acquisitions.
“We don’t want to do acquisitions,” he said at a mining industry function. “This money can stay much better in the hands of our shareholders.”
Reporting by Sonali Paul; Editing by Richard Pullin