Business UpdateAug 6, 2026, 09:17 AM
Vale Updates 2026 Cost & Production Estimates
AI Summary
Vale S.A. has updated its 2026 estimates for various cost components and production volumes. The C1 cash cost and all-in cost for iron ore have increased, while the all-in costs for copper and nickel have decreased. Estimated production volumes for both copper and nickel have seen slight upward adjustments for 2026.
Key Highlights
- 2026 C1 cash cost of iron ore updated to $22.5 - $23.5/t (previous: $20.0 - $21.5/t).
- 2026 All-in iron ore cost updated to $58 - $62/t (previous: $52 - $56/t).
- 2026 All-in copper cost updated to $0 - $500 (previous: $1,000 - $1,500).
- 2026 All-in nickel cost updated to $10,000 - $11,500 (previous: $12,000 - $13,500).
- 2026 Copper production estimate updated to 360-380 kt (previous: 350-380 kt).
- 2026 Nickel production estimate updated to 185-200 kt (previous: 175-200 kt).
Price Impact
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