Recently, Brazilian mining giant Vale released its financial statements for the first quarter of 2021: Benefiting from rising commodity prices, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was 8.467 billion U.S. dollars, a record high for the same period in history; net profit It was US$5.546 billion, an increase of US$4.807 billion from the previous quarter.
Last year, Vale pledged to invest at least US$2 billion in the next 10 years to achieve carbon neutrality. The company’s goal is to reduce the absolute emissions of “Scope 1” and “Scope 2” by 2030 compared to 2017. 33 %, to achieve net zero emissions by 2050, that is, carbon neutral. Vale also proposed that by 2035, the “Scope 3″ net emissions generated by customers and supply chains will be reduced by 15% from 2018. Vale plans to achieve this goal through a high-grade product portfolio and innovative solutions. .
　　 Vale stated that the company has always made every effort to ensure a safe and stable supply of high-grade iron ore to China, and continues to promote its iron ore production stabilization plan. In the first quarter of 2021, Vale’s production capacity will reach 327 million tons/year, and it is expected that the production capacity is expected to reach 350 million tons/year by the end of 2021. The company’s goal is to achieve a production capacity of 400 million tons per year by the end of 2022, and to increase its buffer capacity by 50 million tons in the next few years.
　　 In addition, Vale continues to improve product quality to make its product portfolio more green and environmentally friendly. The company’s goal is to increase the proportion of high-grade iron ore products to approximately 90% by 2024. (My steel)