[SMM Iron & Steel] Vale Reports 39% Jump in Q1 Net Profit on Robust Volumes

Published: Apr 30, 2026 13:53

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Brazilian miner Vale reported a first-quarter net profit of $1.94 billion for 2026, a 39% increase from $1.39 billion in Q1 2025. Net sales revenues rose 14% to $9.26 billion. Iron ore fines and pellets remain the core revenue drivers, representing 72% of total net sales. While 47% of revenue was generated from China, the company noted steady growth in sales to Europe (17%) and the Middle East (2%) as regional buyers seek high-quality ferrous materials.

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