Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise

Brazilian miner Vale expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter.

The company, one of the world's largest iron-ore miners, said in its quarterly sales and output report that production of the steel-making ingredient in the three-month period to the end of June rose 2.4% from a year earlier to 80.6-million metric tons.