Brazilian miner Vale reported lower nickel production in the fourth quarter of 2017, mainly due to a decline in output from its Canadian and Indonesian operations.
Output totaled 78,000 tonnes, down from 83,000 tonnes of finished nickel in the corresponding quarter of 2016, the company said on Friday February 16.The three-month nickel price on the London Metal Exchange was above $14,000 per tonne on Friday, compared with $12,302.50 per tonne at the end of 2017. Output from Vale's Canadian operations came to 37,900 tonnes in the fourth quarter of 2017, down by 12.7% from 43,400 tonnes in October-December 2016.Production was affected...