Vale to increase iron ore output until year-end to meet rebound in China demand

Vale has plans to start up more iron ore capacity in Brazil during the second half of 2022 to meet strong demand from China that showed no signs of abating, despite tight restrictions to combat Covid-19 in the East Asian country, the Brazilian company said on Thursday April 28.

These projects to increase output made the miner reiterate its 2022 guidance of 320-335 million tonnes of iron ore production. Despite a slowdown reported for the first quarter, the company...

Published

Renato Rostás

April 28, 2022

19:30 GMT

São Paulo