Brazilian mining giant Vale announced that it has set its 2025 iron ore production target in the range of 325–335 million tonnes, with 245.7 million tonnes already produced in the first nine months of the year. This performance indicates that the company has gained strong momentum toward reaching the upper end of its annual goal.
Vale’s iron ore output in the third quarter of 2025 reached 94.4 million tonnes, the highest level since 2018. This represents a 3.8% increase year on year and a 12.9% rise compared with the previous quarter. The surge in production was mainly supported by record output from the S11D project in northern Brazil and capacity expansions across other operations.
Vale’s iron ore sales also demonstrated solid performance, rising by 5.1% year on year to 86 million tonnes. Sales prices increased as well, with the average iron ore price reaching $94.4 per tonne, up by 4.2% from the same period last year.
CEO Gustavo Pimenta stated that these results reflect the effectiveness of the company’s strategic investments and operational optimization. Vale’s strong performance in iron ore production could influence the global iron ore market’s supply-demand balance and put pressure on prices.
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