Gate News message, April 17 — Vale, the global iron ore giant, reported strong first-quarter production and sales performance, with multiple mining sites hitting record output levels.
Iron ore production totaled 69.7 million tonnes, up 3% (2 million tonnes) year-over-year, driven by record output from the S11D and Brucutu mines and continued capacity ramp-up at Capanema and VGR1 projects. Pellet production reached 8.2 million tonnes, up 14% (1 million tonnes), supported by improved performance at the Tubarao facility. Iron ore sales rose 4% (2.6 million tonnes) to 68.7 million tonnes, aligned with production growth. The average realized price for iron ore fines reached $95.8 per tonne, up $0.4 per tonne quarter-over-quarter, partially offset by negative pricing impacts from prior-period adjustments.
Copper production totaled 102,300 tonnes, up 13% (11,400 tonnes), with record output from Salobo and Sossego mines and solid performance from Voisey’s Bay. The average realized price for copper reached $13,143 per tonne, up $2,140 per tonne, reflecting higher London Metal Exchange (LME) prices and favorable final price settlements.
Nickel production hit a five-year high for the quarter, with an average realized price of $17,015 per tonne, up $2,000 per tonne, driven primarily by LME price gains. Vale will release its complete first-quarter 2026 financial statements on April 28.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. Energy Department to Release Third Batch of Strategic Petroleum Reserve, Loaning Over 26M Barrels to Nine Oil Companies
The U.S. Department of Energy will loan over 26 million barrels of crude oil to nine companies, marking the third release of strategic reserves since the U.S.-Israel-Iran conflict began, aimed at moderating oil prices. Delivery is set for May and June 2026.
GateNews2h ago
Trump Rules Out Tolls on Strait of Hormuz
President Trump announced that U.S. negotiations about a potential conflict with Iran will persist over the weekend. He firmly denied any possibility of Iran imposing tolls on vessels in the Strait of Hormuz.
GateNews4h ago
US Seeks Increased Namibian Uranium Imports to Power AI-Driven Nuclear Plants
The U.S. is contemplating increased uranium imports from Namibia to support nuclear energy for AI data centers, as China dominates Namibia's uranium sector. Rising uranium prices are reviving mining interests, despite water supply challenges in the arid region.
GateNews5h ago
U.S. Stock Indices Post Strong Gains, Nasdaq Extends 13-Day Rally; Oil Prices Plunge on Strait of Hormuz Reopening
Gate News message, April 18 — U.S. stock indices closed sharply higher on April 17, with the S&P 500 rising 1.2% to 7,126.06, the Nasdaq Composite gaining 1.52% to 24,468.48, and the Dow Jones Industrial Average climbing 1.79% to 49,447.43. The Nasdaq extended its winning streak to 13 consecutive tr
GateNews5h ago
Three Airlines Collapse as Jet Fuel Crisis Triggers Thousands of Flight Cancellations
In 2026, the aviation industry faces a crisis as three airlines, EcoJet UK, Royal Air Philippines, and Dove Airlines, entered administration or liquidation due to soaring jet fuel prices linked to geopolitical tensions. This has led to thousands of flight cancellations and increased operational costs for remaining carriers.
GateNews13h ago
Traders Bet $760M on Falling Oil 20 Minutes Before Iran's Hormuz Strait Announcement
On April 17, investors sold significant Brent crude futures amid news of open passage in the Strait of Hormuz, causing prices to drop sharply. Lawmakers are investigating potential insider trading linked to these trades before key policy announcements.
GateNews14h ago
