• Vale lifted 2026 iron ore C1 cash cost guidance to US$ 22.5-23.5 per ton from US$ 20-21.5.
• All-in iron ore cost outlook rose to US$ 58-62 per ton from US$ 52-56.
• All-in copper cost guidance cut to US$ 0-500 per ton from US$ 1,000-1,500; all-in nickel cost cut to US$ 10,000-11,500 from US$ 12,000-13,500.
• Estimated 2026 production volumes lifted to 360-380 kt of copper from 350-380; nickel raised to 185-200 kt from 175-200.
• Assumptions include average USD/BRL 5.13, Brent at US$ 86 per barrel; gold at US$ 4,390 per troy ounce.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vale SA published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.