On February 14, Vale will launch its Novo Carajás program in the northern state of Pará to increase iron ore production. This initiative is part of Vale's strategic plan to meet production targets.
With an estimated investment of $12 billion, part of which will also be used to boost copper production, the company aims to achieve 325 to 335 million mt of iron ore fines production in 2025, 340 to 360 million mt in 2026, and 360 million mt by 2030. For agglomerated products, including pellets and briquettes, the targets are set at 38 to 42 million mt in 2025, 45 to 50 million mt in 2026, and 60 to 70 million mt by 2030.
