Vale Releases Q3 2026 Results: EBITDA Down 20% YoY, Strong Copper and Nickel Performance

English summary

Vale released its Q3 2026 financial results, reporting an adjusted EBITDA of $3.5 billion, down 20% year-over-year, primarily due to lower iron ore prices and rising costs. While the iron ore segment faced pressure, base metals growth was significant, with copper and nickel production expected to reach the upper half of guidance ranges, maintaining robust free cash flow.