Vale poised to open lower after disappointing Q1 iron ore production

Apr. 20, 2022 9:25 AM ETVale S.A. (VALE)By: Carl Surran, SA News Editor6 Comments

Reclaimer working on an iron ore site under blue sky

CUHRIG/E+ via Getty Images

Vale (NYSE:VALE) -1.7% pre-market after reporting late Tuesday that Q1 iron ore production sank 22.5% Q/Q and 6% Y/Y, weighed by heavier than expected rainfalls in Brazil's Minas Gerais state.

Production also fell due to

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