Vale to Sell $1.5 Billion Non-core Assets by 2020

According to General Administration of Customs China imported 8.73 million mt of bauxite in December, up 13.32% month-on-month and 16.4% year-on-year.

On December 3, the National Coal Trade Conference announced the draft of the long-term contract signing of coal trade for 2022 for comments.

This is a roundup of news in the steel industry for last week.

Vale expects to lift iron ore output in 2022, albeit at a slower rate than some analysts are estimating, which may add further volatility to iron ore prices after a roller-coaster year. 

This is a roundup of news in the steel industry for last week.

Vale generated cash flow of $7.765 billion in the third quarter, an increase of $1.238 billion from the second quarter, according to the third-quarter financial performance report issued on October 28.

As of this Friday, the SMM weighted average alumina price index stood at 3884 yuan/mt, an increase of 64 yuan/mt from before the holiday; Shanxi reported 3850-3950 yuan/mt, an increase of 100 yuan/mt from pre-holiday; Shandong reported 3850-3900 yuan/mt, an increase of 75 yuan/mt compared to before the holiday; Henan reported 3850-3950 yuan/mt, an increase of 50 yuan/mt compared with pre-holiday; Guangxi reported 3700-3700 yuan/mt, Guizhou reported 3800-3900 yuan/mt, both flat from before the holiday; Bayuquan reported 3900-4050 yuan/mt, an increase of 75 yuan/mt from before the holiday.

Vale's chief financial officer, Luciano siani Pires, said a few months ago that its Goro nickel-cobalt mine in New Caledonia could begin to suspend in 2021 as the company failed to reach a sale agreement with New Century Resources Limited (NCZ) on VNC (Novele Caledonie SAS).  

China imported 6.1 million mt of bauxite in February, up 43.7% year on year, latest customs data showed

China’s bauxite imports in February grew 43.7% year on year to stand at 6.1 million mt, according to Chinese customs.