Vale reported iron ore production of 67.6 mn t in Q2 CY’20 – up 5.5% compared to same period last year and 13.4% vis-a-vis Q1 despite Brazil emerging as a coronavirus hotspot. June production was 25 mn t above April and May levels, as per the company’s latest report. Vale had earlier revised its annual guidance downwards to 310-330 mn t.
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