30
Nov
08:20
Brazil’s Vale lowers iron ore production guidance
Brazil’s Vale anticipates potential setbacks in its iron ore output in 2021 and 2022. However, company executives say the miner is still on track to exceed the 400 million tonnes/year production goal in the medium term, Kallanish notes.
Vale has revised down its 2021 production forecast from 335mt to 315-320mt, while leaving the higher end of the forecast range for 2022 at 335mt, the firm said during a presentation to investors at the New York Stock Exchange…
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