A Vale reported this Thursday (30) net profit of US$2.7 billion in the third trimester, 11% high compared to the same period last year, with a boost from the iron ore and copper segments.
The result of the company, which is one of the largest iron mining companies in the world, came above market estimates, of US$ 2.1 billion, according to LSEG estimates.
Last week, the company had already reported its highest quarterly production of iron ore since 2018, with an increase in sales volume for its main product of more than 5%, in addition to better prices.
Adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) totaled US$4.4 billion, an increase of 21%, while net sales revenue reached US$10.4 billion, an increase of 9%.
“These results reinforce my confidence in Vale’s future and in the value we are creating for all stakeholders,” said Vale’s executive president, Gustavo Pimenta, in a statement.
He also mentioned that o copper had its best result for the third quarter since 2019, as the company continued to improve its cost competitiveness in nickel.
At the same time, the company reported that it reduced cost estimates for copper and nickel projects for 2025.
