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Vale reports record Q1 as iron ore, copper prices soar in tight market Brazilian miner Vale, one of the world’s largest iron ore producers and a major copper producer, reported record first quarter financial results late April 26 as prices for these commodities soared, partly due to supply-side issues. The company said it continues to stabilize output following dam disasters that resulted in lower iron ore production in recent years and the continuing impact of COVID-19 on its operations, now seen reducing copper output. In Q1, Vale reported a pro forma adjusted EBITDA of $8.47 billion, a record for a first quarter, compared with EBITDA of $3.04 billion in Q1 2020, with seasonally lower volumes partially offset by higher prices. Q1 iron ore reference prices rose to $166.90/mt from $89/mt a year earlier. The performance was mainly pushed by the ferrous metals and base metals divisions. ....
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Source: UN Office for the Coordination of Humanitarian Affairs Over the past five years, the food security situation in Afghanistan has steadily deteriorated with the percentage of food insecure people doubling (from 37 per cent in September 2015 to 76 per cent in November 2020), while the proportion of people in crisis or emergency levels of food insecurity has increased more than five-fold (from 8 per cent to 42 per cent over the same period). The 2020 Seasonal Food Security Assessment (SFSA) shows that with the onset of COVID-19, the scale of acute food insecurity in the country is now comparable to the situation faced in 2018-2019 – the worst year for food ....