Business UpdateJun 9, 2026, 11:01 AM
Vale Updates VBM's 2026 EBITDA Contribution Estimate to 28%
AI Summary
Vale S.A. announced an update to its indicative guidance for the potential contribution of its subsidiary, Vale Base Metals Ltd. (VBM), to the Company's consolidated EBITDA in 2026. The updated estimate is approximately 28%. This estimate is based on average sell-side analysts' estimates for copper, nickel, and gold prices in May 2026. All other estimates previously disclosed in item 3 of the Company's Reference Form remain unchanged and will be refiled accordingly.
Key Highlights
- Vale Base Metals (VBM) estimated to contribute approximately 28% to Vale's 2026 consolidated EBITDA.
- Estimate based on 2026 average prices for copper, nickel, and gold.
- Prices derived from May 2026 average sell-side analysts' estimates.
- All other estimates in item 3 of the Reference Form remain unchanged.
- The Reference Form will be refiled to reflect this update.
Price Impact
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