原标题：Vale updates pellets production target

The Brazilian miner, Vale, announced it will reduce its production target for iron ore pellets in 2025, from a range of 36 to 48 million mt to 31 to 45 million mt.

The reduction derives from the stoppage of the S?o Luis plant, in the in the northeastern state of Maranh?o, for preventive maintenance, during the third quarter of the year.

According to analysts, the decision reflects lower pellet prices in the international markets, with an estimated decline of 18 percent of the average prices in the first quarter of 2025 in relation to the same period in 2024.

The pellet feed grade iron ore that will not be consumed in the S?o Luis plant will be sold in the market, optimizing the value generation of Vale’s products portfolio, according to the company.

【以下为机器翻译结果，仅供参考阅读】

巴西矿商淡水河谷宣布，将在 2025 年将铁矿石球团矿的生产目标从3600万至4800万吨下调至3100万至4500万吨。

此次减少是由于位于东北部马拉尼昂州的 S?o Luis 工厂在今年第三季度停止进行预防性维护。

据分析师称，该决定反映了国际市场球团价格的下跌，与 2024 年同期相比，2025 年第一季度的平均价格估计下降了 18%。

据该公司称，圣路易斯工厂不会消耗的球团原料级铁矿石将在市场上销售，从而优化淡水河谷产品组合的价值创造。