On April 20, Vale released its production report for the first quarter of 2022. According to the report, in the first quarter of 2022, Vale’s iron ore powder mineral volume was 63.9 million tons, a year-on-year decrease of 6.0%; The mineral content of pellets was 6.92 million tons, a year-on-year increase of 10.1%.

In the first quarter of 2022, the output of iron ore decreased year-on-year. Vale explained that it was mainly caused by the following reasons: first, the available quantity of raw ore in Beiling operation area decreased due to the delay of license approval; Second, there is Jasper iron rock waste in s11d ore body, resulting in high stripping ratio and associated effect; Third, karajas railway was suspended for 4 days due to heavy rainfall in March.
In addition, in the first quarter of 2022, Vale sold 60.6 million tons of iron ore fines and pellets; The premium was US $9.0/t, up US $4.3/t month on month.
Meanwhile, Vale pointed out in its report that the company’s expected iron ore production in 2022 is 320 million tons to 335 million tons.