Vale SA (VALE) has released an update.

Vale SA reports strong operational performance in Q3 2024, with iron ore reaching its highest production levels in over five years and a significant rise in pellet production. While net operating revenues declined by 10% year-over-year, the company improved its operational efficiency and reduced costs, particularly in iron ore production. Vale is also making strategic moves in its base metals division and advancing key projects, aiming to enhance its competitive edge and portfolio quality.

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