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Vale S.A. updated its 2026 cost and production estimates for iron ore, copper, nickel, and cobalt
VALEVale S.A.
Vale S.A. updated its 2026 cost and production estimates for iron ore, copper, nickel, and cobalt. C1 cash costs for iron ore rose to a range of US$22.5–23.5 per tonne from the previous US$20.0–21.5. All-in iron ore costs increased to US$58–62 per tonne from US$52–56. Copper all-in costs were revised downward to a range of US$0–500 per tonne from US$1,000–1,500. Nickel all-in costs decreased to US$10,000–11,500 per tonne from US$12,000–13,500. Estimated copper production for 2026 was raised to 360–380 kilotonnes from 350–380 kilotonnes, while nickel production estimates remained unchanged at 185–200 kilotonnes. Vale S.A. is a major global mining company focused on the extraction and export of iron ore, nickel, copper, and other minerals.