Vale S.A. reported a 17.9% increase in iron ore production in Q2, driven by higher production at key mines. Production stood at 78.7 million tons.
Sales increased by 38% from Q1 to Q2 to 63.3 million tons.
Iron ore pellet production increased by 9.5% to 9.11 million tons, driven by higher production at Tubarão pellet plants.
Vale maintained its iron ore production target of 310-320 million tons for 2023.
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