Pretty much as predicted, higher volume and lower input costs contributed to substantially higher profit at nickel producer Vale Indonesia (INCO). The company booked net profit of US$98.15 million in the first quarter (Q1) of 2023, grew 46.2% year on year (y/y), as revenues rose 54.4% y/y to US$363.18 million. Compared to previous quarter (Q4/22), Vale’s net profit surged 207%.┬áTo subscribe please click here