Vale SA ADR

VALE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vale Earnings: Strong Iron Ore, Base Metals Prices and Volumes Outweigh Iron Ore Unit Cost Headwinds

Jon Mills

Aug 3, 2026

Vale's second quarter adjusted EBITDA of USD 4.1 billion increased 19% from a year ago and 4% from the prior quarter. Higher iron ore, copper, and nickel prices and volumes more than offset increased unit costs in the key iron ore business. It declared a BRL 2.03 (about USD 0.41) per share dividend.

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Vale SA ADR

Vale Earnings: Strong Iron Ore, Base Metals Prices and Volumes Outweigh Iron Ore Unit Cost Headwinds

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