[SMM Iron & Steel] Vale's 2025 Iron Ore Production Growth by 6% YOY

Published: Jan 28, 2026 09:53

Source: SMM

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In 2025, underpinned by the successful ramp-up of key projects and sustained operational stability, Vale recorded strong growth across all business segments. Overall output levels significantly exceeded the production guidance established at the beginning of the year. Notably, both iron ore and copper production reached their highest annual levels since 2018, totalling 336 million tonnes (Mt) and 382,000 tonnes (kt), respectively.

Vale Q4 2025 and Full Year 2025 Performance Brief:

Focusing on the fourth quarter, the iron ore business demonstrated robust supply resilience, with quarterly production recorded at 90.4 Mt, a year-on-year increase of 5.1 Mt (+6%). This increment is primarily attributed to the exceptional performance of the Brucutu complex, alongside the smooth progression of capacity ramp-ups at the Capanema project and the Vargem Grande 1 (VGR1) plant.

Although pellet production retreated by 9% year-on-year to 8.3 Mt due to volatile market conditions, the overall alignment between iron ore production and sales remained healthy. Quarterly sales volumes reached 84.9 Mt, up 5% year-on-year, broadly matching the increase in production.

Production Summary:

Sales Volume Summary:

Price Realisation Summary:

Iron Ore Premium Summary:

iron ore iron ore

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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