Vale’s iron ore exports enter third year of disruptions April 26, 2021 Vale has entered a third year of volatile iron ore exports from Brazil. A mining disaster in 2019 and the pandemic in 2020 have been followed by legal challenges to the opening of its Terminal Ilha Guaíba, located near Itaguaí. The port has been reopened and was the third largest port handling... Read more →
Vale sales surge as iron ore, copper exports shine March 2, 2021 Vale reported revenue growth of 48.2% year over year in Q4’20, beating analysts’ estimates by 8.3 percentage points on the strength of an increase in iron ore sales. Panjiva’s data shows Vale’s Brazilian iron ore exports rose by 37.8% year over year in Q4’20, driven by a 65.9% surge in shipmen... Read more →
Vale’s China exposure rises, more to come if Australia-China relations worsen December 4, 2020 Vale has cut its output guidance for iron ore in 2020 by as much 3.2% and expects growth of 11.7% year over year in 2021. Panjiva’s data shows Vale’s Brazilian iron ore exports stabilized at 77.0 million tons in the three months to Oct. 31. While there was a 110.6% year over year rise in Octob... Read more →
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