16 April 2018

The Asymptote of Progress - part the eighth

This hot off the presses (7:56):
VALE Vale S.A. reports Iron ore production reached 82.0 Mt in 1Q18, 4.2 Mt and 11.4 Mt lower than in 1Q17 and 4Q17, respectively (13.12 )
Iron ore production reached 82.0 Mt in 1Q18, 4.2 Mt and 11.4 Mt lower than in 1Q17 and 4Q17, respectively, mainly due to management's decision in 2Q17 to reduce production of lower grade ore, reinforcing the positioning of Vale as a premium producer and resulting in higher price realization and better margins since 1Q17. The more intense rain season also affected production in 1Q18.

So, let's make America Great Again with imported iron ore, since we haven't enough in the ground worth digging for. Such a Wonderful Idea.

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