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Morningstar

Morningstar

Apr 30, 2026

Vale S.A.: Vale Earnings: Solid, but Near-Term Cost Headwinds the Focus

Symbols

VALE

Sector(s)

Basic Materials

Rating

Current Price

16.18

Fair Value

Economic Moat

Stewardship

Summary

Vale is a large global miner and the world’s largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by its iron ore business. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in conc

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