RIO DE JANEIRO, BRAZIL - Vale (VALE3) released its Q3 2020 production report on Monday, October 19th, posting a 31.2 percent increase based on quarterly comparisons in iron ore production to 88.68 million tons.
Compared to the same period in 2019, the mining company had an increase of only 2.3 percent in the commodity's production. In turn, over the first nine months in 2020, there was a 3.5 percent drop.
According to Vale, a record production of 58.9 million tons was reached in one quarter, in the North System, with August as the best month . . .