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

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com

US a major market for Canadian mineral exports

November 11, 2024 / www.canadianminingreport.com

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok