Vale's Q2 2026 iron ore production up 1% YoY

Published: Jul 22, 2026 13:21

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Beijing time July 21, Vale released its operational performance report for Q2 2026. The report shows:

Production: In Q2 2026, iron ore production totaled 84.3 million mt, up 1% YoY (700,000 mt), driven by record production at S11D and the growth from the Capanema project and the Vargem Grande 1 (VGR1) project. Iron ore pellet production totaled 7.3 million mt, down 7% YoY (500,000 mt), related to the temporary suspension of operations at the Oman plant for part of the quarter. In the iron ore business, improved performance across multiple operations drove the highest Q2 production since 2018.

Iron ore sales: In Q2 2026, iron ore sales reached 79.7 million mt, up 3% YoY (2.4 million mt), supported by inventory sales and production growth.

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