UTC+8 ( BJT)

Vale’s Q1 copper production down 19% on year

ABSTRACT

Vale, a global leading miner headquartered in Brazil, produced 76,500 tonnes of copper in metal for Q1 2021, down 19% on year or 18.2% lower on quarter, mainly due to the maintenance as planned and unexpected as well as the degrading in some mining regions, according to the company’s latest Q1 report released on April 19.
Vale expected its copper production to reach the lower end of the 2021 guidance at 360,000- 380,000 tonnes, though it warned the uncertainty of COVID-19 that may further delay the scheduled plant maintenance. As for sales, Vale sold 71,200 tonnes of copper in metal in the first quarter, which declined 20.2%

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