(Adds details, other forecasts)
SAO PAULO, Dec 5 (Reuters) - Brazilian miner Vale VALE3.SA said on Tuesday it expects to produce between 310 million and 320 million metric tons of iron ore in 2024, maintaining the output target for a second year in a row.
The company, the world's second-largest iron ore producer after Australia's Rio Tinto (RIO) , also said in a securities filing that output was set to reach about 315 million tons this year, meeting its guidance and up 2.3% from 2022.
Vale will hold its Vale Day investor event in London later on Tuesday, where executives are expected to provide further details.
In the filing, the mining giant also forecast capital expenditure (capex) of about $6.5 billion in 2024, as well as in coming years, up from some $6 billion in 2023.
Nickel production was estimated at 160,000 to 175,000 tons next year, against some 165,000 tons in 2023, while copper production is seen at 320,000 to 355,000 tons in 2024, versus about 325,000 tons this year.
News: RIO UPDATE 2-Vale says 2024 iron ore output could hit 320 mln tons
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