Vale added in a securities filing, however, that no decision has been reached yet on any potential transaction.

This volume is only below what was recorded in September 2020, when Brazil exported 37.47 million tonnes for the month.

The company held guidance on FFI’s annual operating expenditure unchanged at $500 million to $600 million.

Amid volatility in most commodity markets, iron ore has been relatively stable over the past two months.

In September, the premium remained at $95 per tonne.

The agreement's focus areas include low-carbon sintering technology, blast furnace and basic oxygen furnace optimization, and carbon capture and utilization, it said.

Rio Tinto and Baowu said on Wednesday that they will set up a JV to develop the Western Range iron ore mine project in Pilbara.

During the period, Hebei's trade with countries along the Belt and Road increased 22.4 percent to 122.44 billion yuan.