Iron Ore Output and Serra Sul Projects“We once again delivered solid year-on-year results across all commodities,” Vale said during the call, citing production increases in iron ore, copper and nickel. Iron ore production reached Vale’s highest second-quarter level since 2018, supported by the ramp-up of the Capanema and Vargem Grande projects and record output at the S11D operation. Copper production increased 6% year over year to its strongest second-quarter level in nine years, while copper sales rose 10%. On the iron ore market, Nogueira said Vale sees global pig iron production as broadly stable, with stronger steel production outside China helping offset softer Chinese domestic conditions. About Vale (NYSE:VALE)Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets.