Vale’s Quiet Comeback: A Record Quarter And What It Signals Beyond Brazil

Vale just delivered its strongest iron-ore quarter since 2018. From July to September 2025, the company produced 94.4 million tons of ore, up 4% year on year, and sold 86.0 million tons. Crucially, it earned better prices on what it sold: fines averaged $94.40 per ton as buyers paid more for higher-quality material. Not everything […]