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Reuters reported Vale’s (SAO:VALE5) nickel production likely fell in the first quarter.
Reuters reported Vale’s (SAO:VALE5) nickel production likely fell in the first quarter.
As quoted in the market news:
Nickel fell 27 percent to an average $19,709 a tonne and copper fell 13 percent to 8,329 a tonne.
Net sales are seen falling 3.9 percent to $12.7 billion. Adjusted Ebitda, or earnings before interest, taxes, depreciation and amortization, are expected to fall 35 percent to $5.9 billion, according to the analyst survey.