Vale SA reported that its iron ore production for the third quarter reached the highest quarterly total since 2018, indicating strong performance in its three primary businesses: iron ore, copper, and nickel, all of which are moving toward the upper end of their annual production guidance. The company announced that its iron ore output for the quarter was 94.4 million tons, up 3.8% year-over-year, marking the highest level since the fourth quarter of 2018. This success is attributed to record production levels at the S11D mining project in Brazil and ongoing increases in output from other projects. Vale expects its iron ore production for fiscal year 2025 to be between 325 million and 335 million tons, with 245.7 million tons produced in the first nine months of this year. Iron ore sales volume increased by 5.1% year-on-year to 86 million tons in the third quarter, while the transaction price for iron powder rose by 4.2%, reaching $94.4 per ton. Vale noted that its copper production increased by 5.7% year-on-year to 90,800 tons, driven by steady production from its Salobo project in Brazil and increased concentrate output from Canada's Voisey's Bay and Sudbury. Conversely, nickel production fell by 0.6% to 46,800 tons, as record output from the Long Harbour refinery in Canada offset maintenance-related downtime at the Copper Cliff refinery. Analysts at Citigroup, led by Alexander Hacking, stated that Vale's performance was "solid," suggesting a potential "modest increase" in its stock price.