Vale Cuts 2015 Iron-Ore Output Target Amid China Demand
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Vale SA, the world’s largest iron-ore miner, cut its target for 2015 output by 10 percent.
The Rio de Janeiro-based company expects to produce 469 million metric tons a year of the steelmaking ingredient by that time, compared with an Oct. 28 forecast of 522 million tons, it said today in an e-mailed statement. No more details were given.