Vale lowers 2021 copper output forecast to 360,000-380,000 tonnes

February 27, 2021 / www.metalbulletin.com / Article Link

Brazilian miner Vale has cut the forecast for its own copper production in 2021 to 360,000-380,000 tonnes, from 390,000 tonnes previously, because of new safety measures that could reduce machinery usage in its units, the company said on Thursday February 25.

Output at Salobo, in Brazil's northern state of Par??, was expected to be the most significantly affected by the changes, which were estimated to result in a 10,000-tonne reduction in overall copper production.
Planned maintenance periods and potential project delays were also taken into account when setting the lower forecast.

"[Vale devised] a recovery plan during the catchup period [in the first quarter] to further mitigate the effects,"...

Recent News

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com

Gold stocks rebound substantially

July 09, 2024 / www.canadianminingreport.com

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok