Vale SA (VALE), a Brazilian metals and mining company, said on Wednesday that it has revised down its annual guidance for iron ore agglomerate production, citing current market conditions for pellets.
For 2025, the company now expects its iron ore agglomerate production to be in the range of 31 million tons to 35 million tons, less than the earlier outlook of 38 million tons to 42 million tons. This outlook includes iron ore pellets and briquettes.
The miner noted that it has decided to conduct preventive maintenance at its Sao Luis pelletizing plant in the third quarter, which will result in the suspension of production during the period.
The pellet feed that would have been used as input for the pelletizing plants will be redirected to iron ore fines sales to optimize value generation in the product portfolio, the metals producer said.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.