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27 Oct
10:13

Vale's third-quarter Middle East sales, revenue surge

Brazil-headquartered Vale’s iron ore and pellet shipments in the Middle East fell 5.1% on-year in the third quarter to 1.47 million tonnes but were up 54.7% on-quarter. Despite the sequential rebound, nine-month shipments at 3.66mt were still down 12.1% from 4.17mt in the corresponding period last year, notes Kallanish. The region accounted for 1.83% of Vale’s consolidated iron ore shipments in Q3, versus 1.28% in Q2 2023 and 2% in Q3 2022, according t…
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