Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Vale has resumed its loading operations at the Teluk Rubiah Maritime Terminal (TRMT), its distribution center in Malaysia. 


The Brazilian miner noted on Monday that its operations at TRMT were halted on March 24 this year because of its temporary inability to secure the minimum resources to operate the terminal amid the COVID-19 pandemic.


In 2019, Vale shipped 23.7mn mt of iron ore from TRMT, the miner indicated, adding that despite the lack of impact from temporarily halting the company’s 2020 iron ore production, the resumption improves Vale’s operational flexibility and strengthens its value chain.


Last week, Vale announced it was planning to recover 44mn mt of halted capacity by 2021. 


Vale has revised its production guidance for 2020 to 310-330mn mt of iron ore fines, 35-40mn mt pellets, and 360,000- 380,000mt of copper. Its nickel production excluding Vale New Caledonia is expected to reach 180,000-195,000mt.


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