Vale SA ADR

VALE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vale Earnings: Softer on Lower Iron Ore Prices but Nonetheless Solid

Jon Mills

Aug 4, 2025

Vale's second-quarter 2025 adjusted EBITDA of USD 3.4 billion declined 14% on the same quarter of 2024. The main driver was 13% lower iron ore fines prices, partially offset by decreased unit cash and freight costs, and foreign exchange.

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Vale SA ADR

Vale Earnings: Softer on Lower Iron Ore Prices but Nonetheless Solid

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