Vale announces to achieve this year's iron ore guidance output as planned
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Update time : 2020-07-22 16:17:31
According to reports, Vale announced in its second-quarter production and sales report on July 20 that the output of iron ore fines increased rapidly at the end of the second quarter. The output in June reached 25 million tons. The average monthly output increased by 23% compared to the first five months of this year.
Vale's guidance for iron ore fines production this year remained at 310 million to 330 million tons. Although facing the impact of the COVID-19 pandemic and operational challenges, the production run rate still reached the level of 75 million tons in a quarter.
With the advent of the seasonally stronger period with continuous improvement of production run rate, Vale would reach this year's iron ore guidance output as planned.
