Vale Q4 Iron Ore Output Declines Y/Y, Copper & Nickel Rise

Vale S.A. (VALE) reported iron ore production of around 85 million tons (Mt) for the fourth quarter of 2024, which was 4.6% lower than the year-ago quarter, reflecting a shift toward higher-margin products.However, VALE’s iron ore production for 2024 reached 328 Mt, in line with its latest provided guidance. Compared with 2023, iron production was up 2% and was the highest since 2018.Digging Deeper Into Vale’s Iron Ore Production NumbersThe decline in iron ore production seen in the quarter mainly reflected ...