On July 20, Vale released its production and sales report for the second quarter. According to the report, in the second quarter, Vale's iron ore powder reached 75.7 million tons, an increase of 11.3% month on month and 12.0% year-on-year; The sales volume reached 67.2 million tons, an increased by 13.4% month on month and 23.1% year-on-year.

Vale explained in the report that the increase in production in the second quarter was mainly due to the increase in production in brucutu mining area; The performance of Serra Leste is outstanding; Itabira comprehensive mining area reassessed the temporary tailings management scheme and improved productivity; Increase in third-party procurement.

In addition, in the second quarter, the mineral volume of Vale pellets reached 8 million tons, an increase of 27.4% month on month, which is mainly due to the seasonal growth in the supply of pellet concentrate (mainly from Oman plant) and the production capacity of dawalren pellet plant.

Considering the iron ore mining plan and the implementation of new projects, Vale's annual production capacity has reached 330 million tons.

China Metallurgical news (Second Edition, July 23, 2021)