Shares of BHP Group (ASX:BHP) inched up 0.1%, and those of Fortescue (ASX:FMG) edged up 0.04%, while Rio Tinto Group's (ASX:RIO) shares fell 0.5% in recent trading on Wednesday after Vale lowered its forecast for 2026 iron ore production on Tuesday.
The mining giant is now targeting iron ore production of 335 million to 345 million tonnes, slightly below its previous forecast of 340 million to 360 million tonnes.
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