According to the latest prediction from Vale S.A., the main iron ore producer in the world, its output of iron ore for next year would be lower than the original expectation.

Although the iron ore price has been affected by the carbon reduction policies from many countries, the iron ore supply was still very tight currently.

By the latest prediction from Vale S.A., its output expectation for iron ore would become 370 million tons in 2022, lower than the previous goal, 400 million tons.