Brazil’s Vale misses 3rd qtr income estimate, revenue rises
Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.
Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.
RNC Minerals reported 58,460 ounces of gold production for the first nine months of 2018.
The mine applied incorrect discounts to its royalty payments over several multi-year periods.
While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.
He is said to have already begun training three to four people to succeed him in the job.
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.
NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.
Several major Russian companies are exploring ways to do deals abroad without using dollars.
Total volume reached 252 million yuan ($36.3 million).