Vale Aims to Boost Iron Ore Output Despite Weakening Prices

By Yahoo! Finance | Sep 11, 2024 at 12:04 PM EST

Vale SA plans to increase iron ore production this year despite low prices, aiming to produce 323-330 million metric tons. The company credits upgraded processes and logistics for the boost, with plans to add 15 million tons annually. Vale's new CEO will focus on maximizing efficiency amid market challenges.

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