It is expected that brazil’s Vale Mining Company to produce 310 to 320 million tonnes of iron ore next year, which is relatively similar to the planned production of this year. It is also estimated that its iron ore production will reach 315 million tons this year. The company’s latest quarterly report showed the production of 231.8 million tonnes of iron ore during the first nine months of this year, a tonnage of % 2.1 more than the same period in 2022.

In addition, Vale has expressed its interest to increase gradually the iron ore production in the long term, forecasting that the production to increase 340 to 360  million tonnes by 2026 And by 2030 it will increase to more than 360 million tonnes.