London—Vale's iron ore production and sales improved in the third quarter, rising 31% from Q2 and meaning nine-month output was 216 million mt, almost 70% of the full-year target, the Brazilian miner said in an operations report on Oct. 19. Iron ore output in Q3 totaled 88.7 million mt, 2.3% higher than a year earlier. The lower end of Vale's 2020 guidance is for 310 million mt of iron ore, implying Q4 will need to see higher output still to meet its target. Iron ore and pellet sales combined reached 74.2 million mt in Q3, up 21% from Q2, and totaled just under 195 million mt in the first nine months, 13% lower year on year.
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