Brazilian mining giant Vale has revised its iron ore production forecast for 2026 downward to 335-345 million tons, representing a reduction from the previous estimate of 340-360 million tons. The company expects to produce approximately 335 million tons in the current year.

Vale's medium-grade Carajás ore sales are projected to reach 50 million tons in 2026, up from 33 million tons in 2025, while sales of PFC (Pellet Feed China) products are anticipated to increase to 40 million tons next year from 26 million tons this year.

The company's sinter production is forecast to range between 30-34 million tons in 2026, with long-term growth targets of 60-70 million tons by 2030. Vale CEO Gustavo Pimenta said the company is preparing to meet rising iron ore demand from India, which may double its steel output by decade’s end. He noted that increased sales to India and other Asian markets could offset China’s stagnant demand. India will import about 10 million tons of Vale ore in 2025.