Vale Releases Output Data for Q1 2017, with Iron Ore Output up 11.2% YoY-Shanghai Metals Market

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Vale Releases Output Data for Q1 2017, with Iron Ore Output up 11.2% YoY

Industry News 10:18:25AM Apr 21, 2017 Source:SMM

SHANGHAI, Apr. 21 (SMM) - Vale S.A. (Vale) reached a record for a first quarter of 86.20 million tonnes of iron ore production (including iron ore acquired from third parties) in the first quarter of 2017, according to an e-mail to SMM.

The iron ore output, 11.2 percent higher than in Q1 2016, is due mainly to the ramp-up of the S11D and Itabiritos projects in the Southeastern System.

China Iron Ore Futures Prices Drop to Year's Low, with Spot Sell-offs, SMM Reports

Nickel production reached 71,400 tonnes in Q1 2017, 14.0 percent and 2.9 percent lower than in Q4 2016 and Q1 2016, respectively, mainly because of planned maintenance shutdowns at our operations in Indonesia and Japan, and operational challenges at our Thompson operations.

Copper production was 109,000 tonnes in Q1 2017, 11.0 percent and 2.6 percent lower than in Q4 2016 and Q1 2016, respectively, for lower production from Sudbury. Production of copper in concentrate at Salobo in Q1 2017 totaled a record 42,600 tonnes for a first quarter, 3.6 percent higher on a yearly basis.

Production Summary

% change

000’ metric tons

1Q17

4Q16

1Q16

1Q17/4Q16

1Q17/1Q16

Iron ore1

86,198

92,386

77,544

-6.7%

11.2%

Pellets

12,422

12,620

11,478

-1.6%

8.2%

Manganese Ore

544

580

596

-6.1%

-8.7%

Coal (Mozambique)

2,434

1,585

900

53.7%

170.4%

Nickel

71.4

83.0

73.5

-14.0%

-2.9%

Copper2

109.0

122.5

111.9

-11.0%

-2.6%

Cobalt

1.259

1.600

1.400

-21.3%

-10.1%

Gold (000' oz troy)

105

137

118

-23.4%

-11.0%

¹ Including third party purchases.

² Including Lubambe's attributable production.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Vale Releases Output Data for Q1 2017, with Iron Ore Output up 11.2% YoY

Industry News 10:18:25AM Apr 21, 2017 Source:SMM

SHANGHAI, Apr. 21 (SMM) - Vale S.A. (Vale) reached a record for a first quarter of 86.20 million tonnes of iron ore production (including iron ore acquired from third parties) in the first quarter of 2017, according to an e-mail to SMM.

The iron ore output, 11.2 percent higher than in Q1 2016, is due mainly to the ramp-up of the S11D and Itabiritos projects in the Southeastern System.

China Iron Ore Futures Prices Drop to Year's Low, with Spot Sell-offs, SMM Reports

Nickel production reached 71,400 tonnes in Q1 2017, 14.0 percent and 2.9 percent lower than in Q4 2016 and Q1 2016, respectively, mainly because of planned maintenance shutdowns at our operations in Indonesia and Japan, and operational challenges at our Thompson operations.

Copper production was 109,000 tonnes in Q1 2017, 11.0 percent and 2.6 percent lower than in Q4 2016 and Q1 2016, respectively, for lower production from Sudbury. Production of copper in concentrate at Salobo in Q1 2017 totaled a record 42,600 tonnes for a first quarter, 3.6 percent higher on a yearly basis.

Production Summary

% change

000’ metric tons

1Q17

4Q16

1Q16

1Q17/4Q16

1Q17/1Q16

Iron ore1

86,198

92,386

77,544

-6.7%

11.2%

Pellets

12,422

12,620

11,478

-1.6%

8.2%

Manganese Ore

544

580

596

-6.1%

-8.7%

Coal (Mozambique)

2,434

1,585

900

53.7%

170.4%

Nickel

71.4

83.0

73.5

-14.0%

-2.9%

Copper2

109.0

122.5

111.9

-11.0%

-2.6%

Cobalt

1.259

1.600

1.400

-21.3%

-10.1%

Gold (000' oz troy)

105

137

118

-23.4%

-11.0%

¹ Including third party purchases.

² Including Lubambe's attributable production.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.