Vale gearing up to meet Indian demand as China steel output stagnates, CEO says
The capacity of India's steel producers is likely to double to around 300 million tons in the next five to seven years, CEO Gustavo Pimenta said.
The capacity of India's steel producers is likely to double to around 300 million tons in the next five to seven years, CEO Gustavo Pimenta said.
Vale has a “pretty positive relationship” with China Mineral Resources Group, its CFO said.
Vale reported on Thursday an 11% year-over-year increase in net profit, beating market forecasts.
Iron ore production reached the highest since the fourth quarter of 2018.
It had lost the title to Rio Tinto in recent years.
Atex Resources (TSXV: ATX; US‑OTC: ATXRF) is leaning on a new high‑grade breccia discovery to speed plans at its Valeriano copper‑gold project […]
It produced 94.4 million metric tons of iron ore in the third quarter.
GM and a partner paused the second phase of a cathode factory, leading to Vale's cancellation of a nickel sulphate project.
Ethanol is a renewable fuel that replaces fossil diesel.
The buyback could help Vale save on debt costs.
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