Quarterly UpdatesJul 22, 2026, 06:06 AM
Vale Q2 2026 Iron Ore Production 84.3 Mt, Copper 98.4 kt, Nickel 42.0 kt
AI Summary
Vale S.A. reported a solid operating performance in Q2 2026, with increased production and sales across all business segments year-over-year. Iron ore production rose 1% to 84.3 Mt, driven by record output at S11D, while sales increased 3% to 79.7 Mt. Copper production grew 6% to 98.4 kt, achieving its best second-quarter output since 2017, and nickel production increased 4% to 42.0 kt, its strongest Q2 since 2020. The company also saw significantly higher average realized prices for copper and nickel.
Key Highlights
- Iron ore production totaled 84.3 Mt in Q2 2026, a 1% increase year-over-year.
- Iron ore sales reached 79.7 Mt, up 3% year-over-year, reflecting inventory sales and production increase.
- Copper production was 98.4 kt, a 6% increase year-over-year, marking its best Q2 since 2017.
- Nickel production totaled 42.0 kt, up 4% year-over-year, its strongest Q2 since 2020.
- Average realized copper price was $14,062/t, a 56.5% increase year-over-year.
- Average realized nickel price was $18,061/t, a 14.3% increase year-over-year.
- S11D achieved a new second-quarter production record of 23.4 Mt.
- Pellet production decreased 7% due to temporary suspension of Oman plants following Middle East conflict.
Price Impact
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