Earnings ·
Vale reported solid 2Q26 operating performance with year-over-year production and sales increases across all segments
VALEVale S.A.
Vale reported solid 2Q26 operating performance with year-over-year production and sales increases across all segments. Iron ore production rose 1% to 84.3 Mt, with sales increasing 3% to 79.7 Mt. Copper production grew 6% to 98.4 kt, and nickel production increased 4% to 42.0 kt. Realized prices improved significantly, with copper at $14,062/t (up 56.5% y/y) and nickel at $18,061/t (up 14.3% y/y), while iron ore fines averaged $95.0/t. The company noted a temporary suspension of Oman pellet plants due to Middle East conflict logistical constraints and announced a planned 110-day SAG mill rebuild at Sossego starting in August. Vale is a global mining company that operates in the iron ore, copper, and nickel industries.