Vale posts highest iron‑ore output since 2018, shares rise

Vale announced that its second‑quarter 2026 iron‑ore production reached the highest volume for the period since 2018. The company’s sales and production report lifted its shares about 2.9% to R$ 74.36, while analysts highlighted strong volumes and a potential EBITDA of roughly US$ 3.7‑3.8 billion, despite lingering cost‑pressure concerns.

The market response was mixed. Shares later edged up 0.3% to R$ 74.23 as investors weighed the higher iron‑ore prices against a slowdown in China’s economy, the miner’s biggest customer. Chinese GDP grew 4.3% in Q2, below expectations, prompting worries about demand. Iron‑ore prices rose on supply concerns after a BHP workers’ strike in an Australian port, and the September contract on the Dalian exchange closed 1.13% higher at US$ 112.59 per tonne.

Vale also disclosed a leadership change: Dan Stieler left the board on 6 July, with Wilfred Theodoor Bruijn assuming the presidency of the board until the extraordinary shareholders’ meeting on 22 July.