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Home / Metal News / Vale Sells Nearly 60% of Iron Ore to China in Q3 2017

Vale Sells Nearly 60% of Iron Ore to China in Q3 2017

Oct 31, 2017 13:37

Source:SMM

China contributed to 58.86% of Vale’s iron ore sales in Q3.

SHANGHAI, Oct. 31 (SMM) – China contributed to 58.86% of Vale’s iron ore sales in Q3.

The Brazilian mining giant sold 89.93 million tonnes of iron ore fines and pellet in Q3, of which 52.36 million tonnes went to China.

Vale’s iron ore production totaled 95.10 million tonnes in Q3, a record high.

Vale posted a net profit of $2.23 billion in Q3, up nearly three folds from a year ago.

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