Vale's third-quarter iron-ore output edges up
SAO PAULO – Brazil's Vale, one of the world's largest miners, on Monday reported a third-quarter iron ore production up slightly from the previous year, while its smaller nickel output soared as refineries resumed operations.
Vale's output of iron-ore, its main product, reached 89.7-million tonnes for the third quarter, up 1.1% from the previous year. Sales of the steelmaking ingredient grew 3.5% to 69-million tonnes.
Meanwhile, nickel production for the period leapt 71.5% to 51 800 t, as refineries resumed after a maintenance period, Vale said.
Nickel sales, however, grew just 6%, which Vale attributed to low container availability and sales commitments during maintenance stoppages in the last three months of this year.
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