The Zhitong Finance App learned that Brazilian mining giant VALE.US (VALE.US), one of the world's largest iron ore producers, released financial results for the third quarter of 2026 after the market on October 29 (Thursday) local time. Dragged down by the realized decline in iron ore prices and rising freight costs, the company's net profit for the quarter fell sharply by 53% year on year, lower than market expectations; however, net revenue exceeded analysts' expectations, and production guidelines for the whole year were reaffirmed. It is worth noting that since this quarter, Vale changed the previous practice of disclosing production and sales data and then issuing financial reports. For the first time, production data was released simultaneously with financial results to provide a more integrated view of performance. After the financial report was released, the ADR of its US stock declined markedly under pressure.

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