Vale’s iron ore production increases in Q1
According to the report released by Vale S.A., in the first quarter, its iron ore production totaled 66.77 million tons, increasing by 5.8% from the corresponding period of last year. The increase was due to stronger performance at the S11D mine and better weather conditions in Minas Gerais.
Regarding sale performance in the first quarter, sales of iron ore fell by 10.6% year on year and plunged by 43.5% quarter on quarter to 45.86 million tons. Meanwhile, pellets sales amounted to 8.13 million tons, decreasing by 7.5% compared to the fourth quarter in 2022 and increasing by 16% year on year.
