A summary of Brazilian miner Vale's results for the first quarter of 2021, as stated in its earnings report published on Monday April 26.
In brief Vale's realized price for iron ore - considering transactions in both a fob and a cfr basis - increased on rising indices and higher-quality premiums, but was offset by marking prices at lower levels for the quarter and a larger amount of sales on a fob basis. While tight iron ore supplies drove prices higher in the first...