Vale targets 2026 iron ore output of 335 million-345 million tons

Vale set 2026 iron ore production guidance at 335 million-345 million tons, following Q2 output of 84 million tons, up 1% y/y.

Iron ore agglomerates guidance was 30-34 million tons, as Q2 pellet production fell 7% y/y to 7 million tons.

Copper production guidance was 350-380 kt, with Q2 output of 98,000 tons, up 6% y/y.

Nickel production guidance was 175-200 kt, with Q2 output of 42,000 tons, up 4% y/y.