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Brazil's Vale Profit Falls 53% to US$1.25B

Summary by The Rio Times
Brazilian miner Vale reported US$1.255 billion in third-quarter profit on Thursday 29 October 2026, down 53% from a year earlier, on weaker iron ore prices.

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After presenting a result in line with the one expected by the market, the ordinary shares (ON) of Vale (VALE3) rose significantly during the teleconference with analysts. According to Lucas Lizzo, from Genial Investimentos, the "call" was more positive in qualitative terms on the prospects for the exchange and for the basic metals part of the miner. At around 12:25, the shares of the Vale rose 2.85%, to R$ 61.75, after touching the R$ 62.98, at…

·Rio de Janeiro, Brazil
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Vale's shares (VALE3) are among the biggest gains of Ibovespa on Friday (30), although the miner has presented results considered weak by the market in the third quarter of 2026 (3Q26). The positive performance of the roles occurs in the midst of a more cautious assessment of the analysts on the company's numbers, which combined [...]

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Vale closed the third trimester of 2026 with a profit clearly of 1,275 billion dollars, in decrease of 53% regarding the 2,695 billion of the...-732500

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Poder360 broke the news on Friday, October 30, 2026.
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