Vale

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Vale produced commercial volumes of pellets without the use of coal for the first time

For the production of products, instead of traditional fossil raw materials, the company used biochar obtained from biomass

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Vale plans to significantly increase the volume of pellets production

In 2022, the company's pellets production amounted to 32 million tons

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Vale lowered its net revenue by 32.4% y/y in 2022

In the fourth quarter of 2022, net revenue decreased by 30.4%

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Vale cut iron ore production by 2% y/y in 2022

The production of iron ore pellets increased by 1% year-on-year

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Vale reduced iron ore exports by 17.6% y/y in January-November 2022

The company's sales of iron ore on the domestic market increased by 40.4% y/y

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China’s new state agency will become a powerful buyer of iron ore

CMRG consolidates raw material purchases of about 20 of the largest Chinese steel producers

Vale
Vale to achieve production volumes of 360 million tons of iron ore per year by 2030

The production of iron ore pellets until 2030 is planned at the level of 100 million tons per year

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Vale to build a pellet plant in Saudi Arabia

The company signed a memorandum of understanding with the National Center for Industrial Development of Saudi Arabia

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Vale reduced net sales by 18.1% y/y in the third quarter of 2022

Weak operating results mainly reflect falling iron ore prices

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Vale reduced iron ore exports by 17.3% y/y in January-August 2022

The company's sales of iron ore on the domestic market increased by 19.6% y/y

Bloomberg
Vale reduced iron ore production by 3.7% y/y in the first half of 2022

The production of iron ore pellets during this period increased by 9.1% y/y

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