Brazilian mining company Vale, one of the world’s largest iron ore producers, announced that following its highest quarterly iron ore production since 2018, it is on track to reach the top end of its production targets for 2025.
According to reports, in the third quarter of 2025, Vale produced 94.4 million tons of iron ore, representing a 3.8% year-on-year increase and marking the highest quarterly record since late 2018.
This strong performance was driven by record production at the S11D project in northern Brazil and a gradual increase in output from other projects.
2025 Forecast: The company has set its annual iron ore production guidance between 325 and 335 million tons and reported that production in the first nine months of the year reached 245.7 million tons.
Other Segments: Vale’s copper and nickel divisions are also “on track to reach the upper end of 2025 production guidance.” Copper output rose 5.7% to 90,800 tons, while nickel production declined 0.6% due to maintenance work in Canada.
Analysts described Vale’s results as “strong” and expect the performance to lead to a modestly positive reaction in the company’s stock.
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