Vale Publishes Third-Quarter 2026 Earnings Call Transcript

• Vale reported third-quarter 2026 pro forma EBITDA of US$ 3.5 billion, down 20% year over year, during its October 30 earnings call.
• Participants included CEO Gustavo Pimenta, finance chief Marcelo Bacci and Vale Base Metals CEO Shaun Usmar, alongside commercial and operations executives.
• Management expects annual iron ore production at guidance’s low end; copper and nickel output should reach the upper half of their ranges.
• Capital expenditure is expected near the lower end of annual guidance of US$ 5.4 billion to US$ 5.7 billion.
• Salobo’s expansion should add 30,000 tonnes of annual copper production, with startup expected in the first half of 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vale SA published the original content used to generate this news brief on October 30, 2026, and is solely responsible for the information contained therein.