Iron ore weakness to continue into 2025 and beyond, says Fitch Solutions’ BMI
Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.
Nickel miner Vale Indonesia reported 12,567 tonnes of nickel matte output for the April-June period, down 16.5% from the same period last year which was at 15,048 tonnes, the company said in a statement on Tuesday.
The second quarter output brought Vale’s January-June nickel matte production to 26,394 tonnes, lower compared to last year’s 30,246 tonnes, due to a rebuilding project of one of its furnaces.
(By Bernadette Christina Munthe and Fransiska Nangoy; Editing by Kanupriya Kapoor)
Comments