Vale Iron Ore Strategy Targets India

Post Views: 159 Vale Iron Ore Vale Eyes India as the Next Iron Ore Growth Frontier Vale S.A., Brazil’s leading mining company, is repositioning its global strategy to tap into India’s rapid industrial and infrastructure expansion. The company expects India’s steel production to double by 2030, creating a significant opportunity for high-grade iron ore exports. CEO Gustavo Pimenta emphasized India’s growing demand, noting the country’s population and infrastructure needs will drive massive steel consumption. In 2025, Vale expects India to import around 10 million tonnes (mt) of its ore, up from...