Vale (VALE) CEO Murilo Ferreira says he expects a recovery in iron ore prices along with the...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE) CEO Murilo Ferreira says he expects a recovery in iron ore prices along with the economies of key Asian countries. He cautioned that prices would not reach the "exuberant levels" seen during 2008-10, but they should prove less volatile in 2013 than in 2012.