news

Coal and iron ore production is up at Vale, nickel is down

Kitco Media
By Kitco News
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Vale said today coal and iron ore production were up in the third quarter due to operational improvements and better weather.

Vale’s iron ore fines production totaled 89.4 Mt in 3Q21, 18.1% higher than in 2Q21. The higher production was dampened by lower metal prices. The iron ore price premium was US$6.6 tonne, US$ 1.8 tonne lower than in 2Q21

Coal production was 19.4% higher than in 2Q21 and 78.1% higher than in 3Q20 as a result of the improved productivity of the revamped plant.

Vale said nickel production was hit by labor issues and a production outage.

"Production of finished nickel was 30.2 kt in 3Q21, 27.2% lower than 2Q21, mainly due to the labour disruption at Sudbury, which halted operations for 70 days, of which 40 days were in 3Q21, with an impact of 11kt on finished nickel production in the quarter. In addition, Onça Puma went through extended maintenance during 3Q21, with production resuming late September," wrote the company in a news release.

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.