Brazil: Vale’s iron ore production up 14% y-o-y in Q1 CY’21

World’s leading iron ore miner- Vale reported an increase in iron ore production of 68 mn t in Q1 CY’21, higher by 14% y-o-y. Meanwhile, the company has achieved a production capacity of 327 mn tpa in Q1’21. The reasons behind these are: –

• The gradual resumption of halted operations at the Timbopeba mining site.
• Reduction in rainfall in the month of January.

On the other side, Vale’s pellet output dropped by 9% in the first quarter as a result of lower pellet feed availability at the site.