Itau: Vale will lose 160 million tons per year-Shanghai Metals Market

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Itau: Vale will lose 160 million tons per year

Translation 09:37:06AM Feb 20, 2019 Source:Shanghai Nonferrous Metals Network

SMM2, 20 Feb: the main risk facing Vale is a court decision that forced it to shut down its mining business without a legal / technical basis, Itau analysts said in a report to clients. In a worst-case scenario, Vale could eventually be forced to suspend production of 160 million tons a year, equivalent to the company's full dependence on tailings in Minas Gerais.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

Scan QR code, apply to join SMM metal exchange group, please indicate company + name + main business

Key Words:  Vale  yield 

Itau: Vale will lose 160 million tons per year

Translation 09:37:06AM Feb 20, 2019 Source:Shanghai Nonferrous Metals Network

SMM2, 20 Feb: the main risk facing Vale is a court decision that forced it to shut down its mining business without a legal / technical basis, Itau analysts said in a report to clients. In a worst-case scenario, Vale could eventually be forced to suspend production of 160 million tons a year, equivalent to the company's full dependence on tailings in Minas Gerais.

(note: if copyright issues are involved, please contact SMM and we will deal with them in a timely manner.)

Scan QR code, apply to join SMM metal exchange group, please indicate company + name + main business

Key Words:  Vale  yield