Global Covid-19 effects could cut iron ore supply by 18 mln tonnes in 2020, Vale says

  • Thursday, April 2, 2020
  • Source:ferro-alloys.com

  • Keywords:Global Covid-19 effects， iron ore supply, Vale
[Fellow]Nationwide lockdowns and restrictions on activity to contain the Covid-19 pandemic could reduce the supply of iron ore in the seaborne market by around 18 million tonnes this year, according to mining company Vale.

[Ferro-Alloys.com] 

Nationwide lockdowns and restrictions on activity to contain the Covid-19 pandemic could reduce the supply of iron ore in the seaborne market by around 18 million tonnes this year, according to mining company Vale.
 
The Brazilian company gave its estimate in a presentation filed with the country’s securities commission, CVM, on Tuesday March 31.
Government actions intended to limit the spread of the virus have led to output reductions in South Africa, Canada, India, Peru and Malaysia, Vale said. Supply from other African countries was also reduced, it added.
 
These lockdown initiatives will last for 21-28 days, depending on the country.  (metalbulletin)

Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:kangmingfei]

Related News

·Canada Mining Association applauds 75% wage subsidy04-01
·ArcelorMittal trims production on country-by-country basis, postpo...04-01
·South Africa's lockdown to hit cobalt exports: sources04-01
·Vale to battle coronavirus with thermal cameras04-01
·Australia’s iron ore giants push workers to stay at mine sites to...04-01

Tell Us What You Think

please login!   login   register
Please be logged in to comment!