Vale’s 2018 nickel production down 15.1% year on year despite Q4 uptick

Brazilian miner Vale reported reduced nickel production of 244,600 tonnes in 2018, down 15.1% from 2017's 288,200 tonnes.

The depressed year-on-year figures come despite the company increasing its fourth-quarter nickel production by 14.9% to 64,000 tonnes, up from 55,700 tonnes in the third quarter of 2018.

The figures were published in Vale's fourth-quarter production results on Wednesday March 27 - just two days after Brazilian state prosecutors won the right to freeze $765 million of Vale’s assets, following the Brumadinho tailings dam rupture on January...

Published

Amy Hinton

March 29, 2019

15:42 GMT

London