Vale SA (VALE) has released an update.
Vale S.A. has reported a 15% year-over-year increase in iron ore sales for Q1 2024, driven by strong performance at their S11D mine and various operational improvements. Copper production saw a 22% rise, bolstered by the ramp-up at Salobo 3 and consistent results from Salobo 1 & 2, while nickel production dipped slightly due to furnace rebuilds. Despite these robust production figures, Vale faced a decrease in market prices for their iron ore fines and copper.
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