Vale reviews guidance for copper and nickel output
2021-07-20 10:32:04 [Print]
Brazil's Vale SA said on July 19 that it was reviewing its guidance for 2021 nickel and copper output.
A union walk off at Vale's mine in Sudbury, Canada, that started on June 1, is hitting production for both metals, the company said.
"(Copper) production was hit mainly by the Sudbury strike and delays at Voisey's Bay resulting from the flooding of the mine, related principally to extraordinary climate conditions," the company said, adding that the flooding had since subsided.
In its second quarter output report, Vale said it produced 41,500 tonnes of nickel in the period and 73,500 tonnes of copper, representing quarterly declines of 14.3% and 4%, respectively.
A union walk off at Vale's mine in Sudbury, Canada, that started on June 1, is hitting production for both metals, the company said.
"(Copper) production was hit mainly by the Sudbury strike and delays at Voisey's Bay resulting from the flooding of the mine, related principally to extraordinary climate conditions," the company said, adding that the flooding had since subsided.
In its second quarter output report, Vale said it produced 41,500 tonnes of nickel in the period and 73,500 tonnes of copper, representing quarterly declines of 14.3% and 4%, respectively.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' operating rate statistics by province by month
Unit: %
