Whale (Whale 3): Iron ore production in 1st quarter has a 4.5% decrease
A. Whale (Vaele3. Released a 4.5% discount on Tuesday’s product Iron ore In the first quarter of 2025, compared to the same period last year. Between January and March this year, 67.7 million tonnes of ore was produced, according to the product and sales report released by the company as expected in its production plan.
The document explains that the production has caused a decrease in the northern system as heavy rains occur. However, sales have increased, supported by the strategic use of the list.
“The amount of pellets produced is 7.2 MT, 15% (1.3 MT) low A/A/A/A/A/A/A/A/A/A/A Feed Feed. The total amount of iron ore sales is 66.1 MT, 4% (2.3 MT), using the spread of chain flexibility, sophisticated stocks.”
Iron minerals activities in southern and southeastern systems
Despite the fall, the Whale He believes that the VGR1 (South System) and Kodanama (southeastern) projects have contributed to the greater ease of progress activities, allowing the company to adopt the company’s production plan until 2025, between 325 and 335 million tonnes.
According to the report, in the same period, iron ore sales rose 3.6%, with a total of 66.1 million tonnes. This increase was possible for the use of inventories in advance along the company’s supply chain. “In view of the current market conditions, the products that are concentrated in our blender products (BRBF) and China (PFC1), are preferred to provide medium content products with the aim of increasing the value of our portfolio.”
In the northern system, the product is 900 tonnes less than the first quarter, due to licensing limits in Serra Norte, which has already been provided in the production plan, which has been intensified by the highest rainfall. “These effects have been partially replaced for S11D’s solid activity performance, which has reached the highest production in the first quarter, which is inspired by property reliability programs.”
The average sales price of iron ore thin is the first quarter. 90.80, which indicates a decrease of almost 10% from the same interval of 2024. This retreat was mainly caused by small awards. The average price of pellets also decreased at US $ 2.2/TT/T, due to short quarterly contract awards total US $ 140.8/T.
