Vale's 2023 iron-ore output tops guidance, but sales fall

Vale's iron-ore production grew 4.3% in 2023, topping the Brazilian miner's estimate for the year, while shipments of the commodity fell slightly, the company said on Monday.

The firm produced 89.40-million metric tons of iron-ore in the last three months of 2023, 10.6% more than a year earlier.

That took its full-year output to 321.15-million tons, above its guidance of 315-million tons of iron-ore.