Vale will deliver its production report on Wednesday, including updated annual guidance. In its previous report, Vale lowered its 2020 iron ore projection to between 300 million and 305 million tonnes and forecasted 315-million to 335-million tonnes for this year.
With a recent fire at its Ponta da Madeira maritime terminal (TPPM) in Maranhão state, the company may be facing a potential 32 million tonne shipment hit.
Leaked news from the fire?? Link below
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