UPDATE 2-Brazil s Vale reviews copper, nickel guidance amid labor, climate issues Reuters 2 hrs ago
(Adds comments on copper, iron ore production)
By Gram Slattery and Marta Nogueira
RIO DE JANEIRO, July 19 (Reuters) - Brazilian miner Vale SA said on Monday evening that it was reviewing its guidance for 2021 nickel and copper output as strikes and extraordinary climate conditions in Canada have materially affected production.
In its second quarter output report, Vale said it produced 41,500 tonnes of nickel in the period and 73,500 tonnes of copper, representing quarterly declines of 14.3% and 4%, respectively.
A union walk off at Vale s mine in Sudbury, Canada, that started on June 1, is hitting production for both metals, the company said. Additionally, non-scheduled maintenance at a metals refinery in Wales was constraining nickel output, and a flood at its Voisey s Bay assets in Labrador, Canada, hit copper output.
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