Vale's production of iron ore fines dropped by 33.80% year-on-year in the second quarter of 2018, amid restrictions resulting from a tailings dam accident at Brumadinho in Brazil and poor weather conditions in the north of the country.
Production totaled 64.06 million tonnes from April to June, down from 96.76 million tonnes a year before, Vale said on Monday July 22.Output also dropped by 12.10% from 72.87 million tonnes in the first quarter of 2019.Pellet production amounted to 9.07 million tonnes, down from 12.84 million tonnes in the second quarter of 2018 and 12.17 million tonnes in the first quarter of this year.Vale's production constraints have been one of the drivers of high iron ore prices this year....