Vale(US:VALE) Zhi Tong Cai Jing·2025-10-22 13:31Core Viewpoint - Vale S.A. reported its highest quarterly iron ore production since 2018, with significant contributions from its S11D mining project and other ongoing production increases [1] Group 1: Iron Ore Production - The company's iron ore production reached 94.4 million tons in Q3, a year-on-year increase of 3.8%, marking the highest level since Q4 2018 [1] - Iron ore sales volume increased by 5.1% year-on-year, totaling 86 million tons [1] - The average selling price of iron ore rose by 4.2% to $94.4 per ton [1] Group 2: Copper and Nickel Production - Copper production increased by 5.7% year-on-year, reaching 90,800 tons, driven by stable output from the Salobo project in Brazil and increased concentrate production from Canada [1] - Nickel production decreased by 0.6% to 46,800 tons, attributed to maintenance downtime at the Copper Cliff refinery, despite record output from the Long Harbour refinery [1] Group 3: Future Outlook - Vale expects its iron ore production for FY2025 to be between 325 million and 335 million tons, with 245.7 million tons produced in the first nine months of this year [1]