Vale - Latest news GMK Center

The company did not specify the timing of these investments

The company expects the average price of iron ore in 2026 to be $112 per tonne

The company has gotten off to a strong start this year

Sales of raw materials rose by 3.9% y/y during the period

Two Guaibamax-class ore carriers will be equipped with rotary sails and are scheduled to enter service in 2029

The company forecasts that steel production in the country will grow faster than iron ore production

In the fourth quarter, ore production increased by 6% y/y

Investments in the project are expected to total $5 billion

Rising production costs and depletion of deposits are shaping a new market structure, despite the emergence of Simandou

The company expects to produce 335-345 million tons next year

Boosting sales to India and other Asian markets will help offset stagnant demand from China

At the same time, pellet production decreased due to a decline in demand for high value-added products