Vale keeps 2026 output guidance: iron ore 335-345 Mt, copper 360-380 kt, nickel 185-200 kt
VALE•2026 production guidance unchanged
Vale kept 2026 production guidance unchanged: iron ore 335-345 Mt, copper 360-380 kt, and nickel 185-200 kt.
- Iron ore C1 cash cost guidance was lifted to US$ 22.5-23.5/t from US$ 20-21.5/t on FX, diesel, inventory turnover, and other external effects.
- Iron ore all-in cost guidance was raised to US$ 58-62/t from US$ 52-56/t, citing oil, FX, iron ore price and premiums, and stoppages.
- Copper all-in cost guidance was cut to US$ 0-0.5k/t from US$ 1-1.5k/t on higher by-product revenues, cost improvements, and stronger gold prices.
- Nickel all-in cost guidance was reduced to US$ 10-11.5k/t from US$ 12-13.5k/t, supported by by-product revenues and cost improvements.
