SMM9 March 17: Vale said on Wednesday that it plans to increase iron ore production capacity to 400m tons per year and could even reach 450 million tons per year in the future, although the company did not specify a specific time.

At present, the company has an iron ore production capacity of 318 million tons per year, and in 2018, the company produced 385 million tons of iron ore.

Vale aims to produce 3-330 million tons of iron ore this year.

Scan the code and apply to join the SMM Metal Industry Exchange Group.