Vale cuts its 2020 production target due to the impact of the epidemic

Published: Apr 20, 2020 08:20

Save

SMM4, March 20: a few days ago, Brazilian mining company Vale said in a document, downgraded 2020 iron ore powder and pellet ore, copper and nickel production estimates, because the epidemic is postponing the reopening of some facilities.

Vale's lower production estimates are due to delays in restarting mines such as Timbo Piba (Timbopeba) and Fabrica (Fabrica) due to outbreaks of inspection and authorization as a result of the outbreak.

Vale cut its estimated annual output of iron ore powder from 340 million tons to 355 million tons to 310 million tons to 330 million tons. The company cut its forecast for pellet production from 44 million tons to 3500-40 million tons.

In other metals, the forecast for copper production in 2020 was cut to 36-380000 tons from 400000 tons, and the forecast for nickel production was cut to 18-195000 tons from 20-210000 tons. The forecast does not include production at the New Caledonian plant.

Vale reported that its iron ore production fell 18.2 per cent from a year earlier to 59.6 million tonnes in the first quarter, below expectations of 63 million tonnes.

SMM "current combination" training class

Registration contact: Lu Qingping, SMM Iron and Steel Division

Tel: 021-51595781 / 187-1777-4590

Vale the epidemic

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 23:56

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

Feb 6, 2026 23:56

Feb 6, 2026 23:54

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

Feb 6, 2026 23:54

Feb 6, 2026 23:47

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

Feb 6, 2026 23:47