乐播传媒

乐播传媒’s performance in 1Q was marked by another quarter of strong production and sales, with multiple assets reaching their highest production levels. In iron ore, the ramp-up of new assets supported consistent production growth, while sales reached the highest level for a first-quarter since 2018. In copper and nickel, production reached double-digit growth, with copper recording its best first-quarter output since 2017 and nickel since 2020.

Iron ore production totaled 69.7 Mt, 3% (2.0 Mt) higher y/y, supported by record output at S11D and Brucutu, as well as the continued ramp-up of the Capanema and VGR projects. Pellet production reached 8.2 Mt, increasing 14% (1.0 Mt) y/y, driven by improved performance at the Tubar?o pelletizing plants. Iron ore sales increased by 4% (2.6 Mt) y/y, totaling 68.7 Mt, in line with higher production volumes.

Copper production totaled 102.3 kt, 13% (11.4 kt) higher y/y, driven by record output at Salobo and Sossego as well as a solid performance at Voisey's Bay polymetallic mines.

Nickel production totaled 49.3 kt, 12% (5.4 kt) higher y/y, driven by the full-quarter operation of On?a Puma’s 2nd furnace and stable operations at Voisey’s Bay underground mines, which supported a first-quarter production record at the Long Harbour refinery.

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