17
Apr
08:38
Vale’s Q1 ore, pellet production rise on-year
Brazil’s Vale saw iron ore output decrease quarter-on-quarter in the first quarter, but it was higher year-on-year.
Vale’s improvement compared with Q1 2023 is mainly attributed to consistent improvement in iron ore operations, Kallanish notes.
Vale’s 2024 target remains unchanged. The miner expects its output to reach 310-320 million tonnes this year.
Vale produced 70.8mt of iron ore in Q1, down 20.8% from Q4 2023 but 6.1% more y-o-…
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Anonymous
Very good overview of the weekly steel market.
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