Vale's third-quarter iron ore output edges up

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Vale’s output of iron ore, its main product, reached 89.7 million tonnes for the third quarter, up 1.1% from the previous year. Sales of the steelmaking ingredient grew 3.5% to 69.0 million tonnes.

Meanwhile, nickel production for the period leapt 71.5% to 51,800 tonnes, as refineries resumed after a maintenance period, Vale said.

Nickel sales, however, grew just 6%, which Vale attributed to low container availability and sales commitments during maintenance stoppages in the last three months of this year.