Vale S.A. Q3 2025 Production and Sales Report

Vale S.A. reported a strong operational performance in the third quarter of 2025, with significant achievements across its iron ore, copper, and nickel segments. Iron ore production reached 94.4 million metric tons (Mt), a 4% increase year-over-year (y/y), driven by record output at the S11D mine and the ramp-up of key projects. Copper production rose 6% y/y to 90.8 thousand metric tons (kt), primarily due to consistent performance at the Salobo mine. Nickel production remained flat at 46.8 kt, with record output at the Long Harbour refinery offsetting maintenance activities. The company is on track to meet the upper end of its 2025 production guidance for all three commodities. Vale also highlighted improvements in iron ore price realization, with premiums increasing by $1.8/t quarter-over-quarter (q/q).