26
Jul
16:18
Vale benefits from higher copper prices despite flat production
Brazilian miner Vale has benefitted from higher copper prices even if production levels have remained the same, Kallanish notes.
In the quarter ended 30 June, net operating revenue was up by 3% year-on-year to $9.9 billion, also helped by better performance the iron ore segment.
Net income more than tripled to $2.7 billion following Manara Minerals’ acquisition of a 10% stake in Vale Base Metals (VBM), the holding company of Vale’s energy transi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous