Market Chatter: Vale Brings Forward Oman Pellet Plant Maintenance Shutdown Schedule

MT Newswires Live

Apr 08

Vale (VALE) has brought forward a scheduled maintenance shutdown of its two pellet plans in Oman in a bid to reduce potential impacts from the recent Middle East conflict, Bloomberg News reported Tuesday, citing a person familiar with the plan.

The shutdowns were initially planned in H1, but have now been brought forward by a few weeks, the person told the news outlet.

The Brazilian mining giant isn't contemplating tweaking its full-year production outlook, according to the report.

Vale didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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