Vale - Latest news GMK Center

At the same time, pellet production decreased due to a decline in demand for high value-added products

At the same time, the company has obtained a license to expand the Serra Sul project

This step will add approximately 15 million tons to the company's total ore production

The selling price of ore in April-June was $85.1/t

The company cites current market conditions, in particular, an oversupply of sinter

Brazilian iron ore producer focuses on China, which buys 62% of its products

The company signed an agreement with OQ Alternative Energy to supply power to the factory in Sohar

Sales of these raw materials increased by 3.6% year-on-year in the period under review

The company has allocated $6.3 million as part of the first stage of investment

Investments will be made until 2030

The company bought 50% of its joint venture shares from China's Baosteel

Brazilian company shows 2% growth in 2024, despite a decline in the fourth quarter