Vale Q3 profit jumps on higher iron ore, copper output; trims cost guidance By Investing.com
Update: 2025-10-31
Description
Vale, the Brazilian mining giant, reported a significant surge in profits for Q3, with net income jumping by 78% to $2.7 billion and adjusted EBITDA rising by 17% to $4.4 billion. The company's iron ore and copper production increased, and it secured better prices in global markets. Vale's energy transition metals segment also saw a substantial improvement in efficiency, with copper production costs plummeting by 65% and nickel production costs dropping by a third. The company is now lowering its future cost targets for both metals and expects to spend between $1,000 to $1,500 per tonne to produce copper by 2025, down from earlier projections. Despite strong growth numbers, Vale spent less on capital expenditures in Q3, indicating more efficient investments.
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