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Vale Q3 iron ore cash break-even up to $36.1/dmt

Vale’s iron ore fines and pellets EBITDA break-even reversed up by $2/dmt on quarter to $36.1/dmt over July-September, according to the Brazilian miner’s latest quarterly financial report released on October 28 local time.
However, the firm’s break-even for ore landed in China during Q3 continued to decline to $41.9/dmt over the three months, off slightly by $0.3/dmt from April-June and $2.9/dmt lower on year, Mysteel Global understands from the report. During Q3, Vale enjoyed higher sales to China as the impact of the

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