11:55 AM EDT, 09/11/2024 (MT Newswires) -- Vale's (VALE) shares rose past 2% in recent Wednesday trading after the company raised its full-year 2024 iron ore production guidance.

The company said that for 2024, it expects to produce 323 million to 330 million metric tons of iron ore, up from a previous outlook of 310 million to 320 million metric tons.

The company also updated its full-year nickel production forecast to between 153,000 and 168,000 tons compared with a prior guidance of 160,000 to 175,000 tons.

The company added that all other guidance remains unchanged.

Price: 10.14, Change: +0.23, Percent Change: +2.27