July 26, 2017

Vale cuts FY Nickel production forecast

(26 July 2017)

Vale’s nickel production declined in the second quarter of the year, by 7.7% compared to the previous quarter and by 16.1% from the second quarter of 2016. At the same time, production at other operations such as its Thompson complex in Canada, in New Caledonia and in Indonesia undershot expectations and as a result, Vale has lowered its full-year production forecast to 295,000t of nickel, from its initial guidance of 317,000t.

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