VALE Stock Gains on Increased Iron Ore Production Forecast for 2024

Vale S.A. (VALE) raised its 2024 production guidance for iron ore. The company also reported progress in negotiations related to the Samarco dam disaster with a settlement expected in October. The iron ore miner has started wet processing operations at the Vargem Grande 1 Project. These developments have contributed to a 6% increase in Vale's share price. VALE Projects Y/Y Increase in Iron Ore Output in 2024 The iron ore miner expects iron ore production of 323-330 Mt for 2024. The updated guidance indicate ...