Vale’s First Quarter Nickel Earning Likely to Fall

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.

Click here to read the full Reuters report.