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Vale cuts iron ore guidance

Vale might have trumped analyst expectations with its June quarter iron ore production results, but its announcement that it will trim output guidance next year is predictable.

Vale cuts iron ore guidance Vale cuts iron ore guidance Vale cuts iron ore guidance Vale cuts iron ore guidance Vale cuts iron ore guidance

Vale is looking to shift inventories from the mines to distribution centres

Output of 86.8 million tonnes was above market expectations, but down 2.8% from what the company churned out during the same period last year. Still, it was 9.

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