Vale SA (VALE) has released an update.
Vale S.A. reports a strong second quarter in 2024 with a 7.3% year-over-year increase in iron ore sales, reaching 79.8 million tons, underpinned by record production at the S11D mine. Despite a slight decrease in pellet production, the company remains optimistic about meeting the upper end of its 2024 guidance. Copper production remained steady while nickel output was impacted by planned maintenance activities.
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