Vale S.A. Updates Production and Cost Estimates

Vale SA (VALE) has released an update.

Vale S.A. has provided an update on its production estimates for 2024, indicating expected iron ore production between 323-330 million tonnes and nickel output ranging from 153-168 thousand tonnes, reflecting changes after the partial divestment of PTVI. The company also projected its all-in costs for copper and nickel, excluding sustaining investments, while emphasizing that these forecasts are subject to market factors beyond its control and could change. Vale reassures that other guidances are maintained and reminds that these figures are expectations, not performance promises.

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