Vale iron ore strategy targets India

Brazil-based mining institution Vale is preparing to capitalise connected a surge successful request from India, which could treble its alloy accumulation by the extremity of the decade.

The institution expects higher income to India and different Asian markets to compensate for sluggish request successful China, wherever alloy output has plateaued astatine astir 1 cardinal tonnes per twelvemonth and whitethorn diminution successful the coming years, reported Reuters.

Vale CEO Gustavo Pimenta was quoted by Reuters as saying: “India has 1.6 cardinal people, has surpassed China, and needs monolithic infrastructure investments, which means a batch of steel.”

He added that India’s steelmaking capableness could summation to astir 300 cardinal tonnes (mt) implicit the adjacent 5 to 7 years.

Pimenta further said that Vale’s high-grade ore blends efficaciously with India’s lower-quality supply, a operation that could payment some markets.

“We bring prime to the Indian mix. As alloy output doubles, we spot a large maturation opportunity,” said Pimenta.

India is projected to import astir 10mt of Vale’s ore successful 2025, up from astir nary successful erstwhile years, though this remains a tiny fraction of Vale’s income to China, which relationship for astir 60%.

While China is expected to stay the world’s largest alloy producer, Vale expects the country's output to stabilise.

The institution besides expects rising request from different Asian markets, with income to Vietnam projected to scope 8mt successful 2025, a important summation from erstwhile years.

Vale precocious reported results for the 3rd 4th of 2025 (Q3 2025), with 5% income maturation and its highest robust ore output since 2018.

Although Pimenta declined to remark connected caller accumulation targets, helium confirmed that Vale volition outline projects to grow robust ore and copper capableness successful its cardinal Northern System operations.

The institution plans to put 70bn reais ($13.14bn) by 2030 successful its Novo Carajas programme successful Brazil, which includes a task to summation yearly robust ore capableness by 20mt.

The inaugural is present 80% implicit and is scheduled to statesman operations successful precocious 2026.

Vale besides plans to treble its copper output by 2035.

Outside Brazil, Vale is considering selling its Thompson nickel excavation successful Canada, citing marketplace involvement and anemic prices amid accrued output from Indonesia.

"Vale robust ore strategy targets India " was primitively created and published by Mining Technology, a GlobalData owned brand.

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