Vale Targets Indian Market Amid Iron Ore Output Expansion
Vale S.A., the Brazil-based mining company, is increasing its focus on India and other Asian markets to offset stable demand in China. The company anticipates a substantial rise in iron ore exports to India, projecting shipments of approximately 10 million tonnes in 2025, following increased steel production and infrastructure investment in the country.
In Q3 2025, Vale achieved a 5% sales growth and recorded its highest iron ore output since 2018. The company is investing $13.14 billion into its Novo Carajas programme, with plans to add 20 million tonnes of annual iron ore capacity by 2030. Vale’s expansion includes ongoing projects in its Northern System operations, aimed at boosting both iron ore and copper production.
- Vale expects Indian steel capacity to reach 300 million tonnes within five to seven years
- Vale’s Novo Carajas expansion project is 80% complete and scheduled to begin operations by late 2025
- Vale S.A.; Brazil; Iron ore and copper resources
