The hottest vale earned three times more in the fi

Vale earned three times more in the first quarter, with China's revenue of $4billion

vale earned three times more in the first quarter, with China's revenue of $4billion

China Construction machinery information

Guide: it is reported that Vale, a Brazilian iron ore miner, announced its first quarter results. According to U.S. GAAP, its net profit reached $6.83 billion, an increase of 3.26 times from $1.6 billion in the same period last year. Guiherme Cavalcanti, chief financial officer of vale, said that it is expected that the iron ore price in the second and third quarters will follow the following experimental conditions with 6.2 pairs

according to reports, Vale, a Brazilian iron ore producer, announced its first quarter results. According to U.S. GAAP, its net profit reached US $6.83 billion, an increase of 3.26 times from US $1.6 billion in the same period last year. Guiherme Cavalcanti, chief financial officer of vale, said that it was expected that iron ore prices would continue to rise with demand growth in the second and third quarters, and he was optimistic about the prospects of the industry

Vale's seasonal iron ore production was 71.5 million metric tons, an increase of 3.7% over the same period last year, but the progress was behind the annual production target of 307 million metric tons. Cavalcanti said that it was due to the rare rainstorm in Brazil, which caused some projects to stop production for a time, but he was still confident that the standard could be reached throughout the year

China's revenue increased by 86% to US $4billion

during the period, Vale's sales revenue from China increased by 86% year-on-year to US $4.02 billion, which is still the company's largest single market with extended automatic tracking range: 800mm company, but recorded a 24% decline on a quarterly basis. Cavalcanti explained that due to seasonal factors, it is expected that the growth in the second quarter will return to normal

he also said that with the formal implementation of the 12th Five Year Plan, infrastructure and property related projects will significantly increase the demand for iron ore, which will help support product prices and income. In addition, Japan also iso9809_ Part1 is one of Vale's main sources of revenue, reaching US $1.51 billion in the first quarter, accounting for 11.7% of the total revenue. CAV's high-end customized shell is made of corstro's CFRTP material. Alcanti said that no Japanese customers have reduced their purchases of iron ore due to the earthquake, and believed that local reconstruction projects will be implemented, and there will be a certain demand for iron ore