U.S. COMPANY FILING
Vale S.A. — Form 6-K filed 2026-07-31
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Vale's 2Q26 results showed solid performance with iron ore production highest for a Q2 since 2018 and copper best Q2 in nine years. Adjusted EBITDA rose 9% y/y to $3.676B, but net income fell 35% to $1.375B due to derivative mark-to-market and tax effects. Board approved $1.7B dividends and new buyback program. Cost guidance revised: iron ore C1 up, copper and nickel down.
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