Vale achieves highest second-quarter iron ore output since 2018
2026-07-22 11:45:24 [Print]
Brazilian mining giant Vale reported on Tuesday its strongest second-quarter production performance since 2018, with iron ore output rising 0.8% year-over-year and surpassing analyst expectations.
Vale, one of the world's leading iron ore producers, recorded output of 84.3 million metric tonnes for the April-to-June period, exceeding the Visible Alpha consensus estimate of 82.2 million tonnes.
The company attributed the quarter's production strength to a record second-quarter performance at its S11D complex, along with additional volumes contributed by the Capanema and VGR1 projects---all of which are located in Brazil.
Vale has maintained its full-year production guidance of between 335 million and 345 million tonnes of iron ore, while leaving all other annual output targets unchanged.
Iron ore sales-comprising fines, pellets, and run-of-mine material-reached 79.7 million tonnes in the quarter, reflecting a 3.1% increase driven by higher production and inventory drawdowns. This figure also surpassed the Visible Alpha consensus of 78.2 million tonnes.
Vale, one of the world's leading iron ore producers, recorded output of 84.3 million metric tonnes for the April-to-June period, exceeding the Visible Alpha consensus estimate of 82.2 million tonnes.
The company attributed the quarter's production strength to a record second-quarter performance at its S11D complex, along with additional volumes contributed by the Capanema and VGR1 projects---all of which are located in Brazil.
Vale has maintained its full-year production guidance of between 335 million and 345 million tonnes of iron ore, while leaving all other annual output targets unchanged.
Iron ore sales-comprising fines, pellets, and run-of-mine material-reached 79.7 million tonnes in the quarter, reflecting a 3.1% increase driven by higher production and inventory drawdowns. This figure also surpassed the Visible Alpha consensus of 78.2 million tonnes.
