Nickel producer Vale Indonesia (INCO) suffered loss of US$15.3 million in the second quarter (Q2) this year, significantly widened from loss US$6.2 million only in Q1 this year, primarily due to a lower average realized price. Vale’s Ebitda in Q2 was US$9.5 million, far lower than US$24.5 million in Q1. Vale’s average realized price declined to US$7,540 per ton, from US$8,214 in Q1. While Vale’s revenue increased 2.8% to US$148 million in said period supported by higher production and deliveries. Vale’s nickel in matte production rose 17.6% to 20,107 metric tons and nickel matte deliveries increased 11.7% to 19,620 metric tons.