Vale SA (VALE) has released an update.

Vale SA reported a successful Q3 with record iron ore production reaching 91 million tons, a 5% increase year-over-year, boosting its production guidance for 2024. The company’s copper and nickel outputs also saw significant rises, reflecting strong operational performance, despite some setbacks such as the conveyor belt incident at the Salobo 3 plant. These results highlight Vale’s ongoing improvements in operational stability and asset reliability, making it an attractive focus for investors in the commodities market.

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