Vale slashes outlook for full-year iron ore agglomerates production

4 days ago 2
Iron ore pellets close up

Maksym Isachenko/iStock via Getty Images

Vale (NYSE:VALE) said Wednesday it has lowered guidance for FY 2025 production of iron ore agglomerates, as the pellet market struggles with oversupply concerns and reduced demand for high-quality products.

The Brazilian miner cut its outlook to 31M-35M metric tons, down

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