Vale released its production and sales report for Q1 2025. The total iron ore production in Q1 was 67.66 million mt, down 20.7% QoQ and down 4.5% YoY. The total iron ore sales in Q1 were 66.14 million mt, down 18.5% QoQ and up 3.6% YoY. Vale stated that heavy rainfall affected production at its mining complex in the northern system of Brazil, but the company added that the quarterly performance was in line with its plan and "consistent with the 2025 production guidance." Vale reiterated that its iron ore production in 2025 is expected to be between 325 million mt and 335 million mt.