Canada Snag Cuts Vale 2011 Nickel Output 5 Percent

Feb. 18, 2011 07:38PM PST

Reuters reports that Vale (NYSE:VALE) announced that the company will lose around 5 percent of its total 2011 nickel production.

The market news is quoted as saying:

Vale produced 114,000 tonnes of nickel in the first nine months of 2010, according to a securities filing in October. It had expected to ramp up nickel production this year after long-running strikes at its Canadian operations crimped output in 2010.

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