On October 16th, Interface News learned from Vale that its iron ore production in the third quarter of this year reached a new high since the fourth quarter of 2018, and it has raised its full year production guidance target for 2024.
In the third quarter, Vale's iron ore production reached 91 million tons, a year-on-year increase of 4.7 million tons, with a growth rate of 5%; The sales volume reached 81.8 million tons, a year-on-year increase of 1.3 million tons, with a growth rate of 2%.
During the same period, the company's copper production reached 85900 tons, an increase of 4300 tons year-on-year, with a growth rate of 5%; The nickel production reached 47100 tons, a year-on-year increase of 5000 tons, with a growth rate of 12%.
In addition, the performance of Salobo Plant 1 and Plant 2 has improved, with a 30% year-on-year increase in copper ore processing capacity in the third quarter; Driven by performance, the Sudbury mining area saw a 20% year-on-year increase in nickel ore processing capacity.