Vale SA (VALE) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.
For further insights into VALE stock, check out TipRanks’ Stock Analysis page.
