Company's nickel production numbers in Sudbury were down last quarter while local copper production was up said 2022 Q2 report
Vale SA, the world's largest producer of iron ore, revealed Tuesday it is cutting iron ore production guidance for several reasons including the sale of its Center-West assets, supply chain restrictions and the impact of lower market prices. The company said it anticipates iron ore output for the year to be between 310 million tonnes and 320 Mt, down from a previous estimate of 320-335 Mt, according to Vale's 2Q for 2022 production and sales report.
The company's Q2 report also revealed that "nickel production was 24 per cent lower q/q mostly due to scheduled maintenance of our downstream facilities, which was partially offset by strong performance at Onça Puma ".
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