Vale Anticipates Interruption at Onca Puma to Affect Q4 Nickel Output

Vale S.A. (VALE) reported a temporary suspension of operations at its Onça Puma nickel plant due to an outage at the local electricity company's transmission network. It estimates this disruption to impact its nickel production by 1.5- 2.0 kt in the fourth quarter of 2024. Despite this setback, Vale maintained its previously stated guidance of nickel production at 153-168 kt for 2024. The interruption was caused by damage to the local electricity company's transmission network after strong winds on Oct. 5. ...