Brazil Mining Revenue Jumps 34% in Q3 as Vale Delivers Best Iron Ore Output Since 2018

Overview

• Sector revenue reached R$76.2 billion in the third quarter, lifted by stronger commodity prices—especially gold—and dry-season conditions that aided open‑pit iron operations, according to Ibram.
• Brazil shipped about 121 million tonnes of mineral products in the quarter, up 6.2% year over year, with China receiving 69.3% of volumes.
• Vale produced 94.4 million tonnes of iron ore, its highest quarterly level since 2018, while trimming pellet output and placing the São Luís plant in maintenance; shares rose nearly 2% after the update.
• Vale’s copper output increased 5.7% to 90.8 thousand tonnes as operations in Brazil and Canada supported gains, while nickel production was roughly flat at 46.8 thousand tonnes.
• The industry projects US$68.4 billion in investments for 2025–2029 with a sharp rise in rare‑earth funding, and Ibram expects Simandou’s November startup to have only limited impact on Brazilian miners this year.