Vale expects higher iron ore output in H2 '21; premium to remain strong

Brazil-based miner Vale expects to increase iron ore output in the second half of the year, because of advances in its capacity resumption plan, and expects the premium for high grade iron ore to remain strong.

Vale has reiterated its guidance to produce between 315-335 million tonnes of iron ore in 2021.
Production is expected to reach at least 89 million tonnes in the third quarter and at least 85 million tonnes in the following quarter, but such volumes could be higher because of capacity resumptions.
“In the second half, we will be able to deliver more volumes of iron ore than in the [same period of] the last year,” Vale’s ferrous director Marcello Spinelli said on Thursday July 29.
In the first half of the year, Vale produced 143.72 million tonnes of iron ore, up by 13% from the 127.2 million tonnes produced a year before.

On Tuesday, Vale...

Published

Felipe Peroni

July 29, 2021

21:28 GMT

São Paulo