Vale: Production and Sales Report for the Third Quarter of 2025
2025-10-22 10:24:08
Vale delivered strong operational results in the third quarter of 2025. In the iron ore business, production reached its highest level since 2018, and price realizations improved, reflecting the successful execution of the company's product portfolio strategy. In the copper business, the Salobo operation saw year-on-year growth, with solid performance from its multimetallic assets. In the nickel business, ore production at the Sudbury operation increased by 45% year-on-year, and the commissioning of Furnace No. 2 at the Onsa Puma operation laid the foundation for production growth in subsequent quarters. All three businesses are progressing towards the upper end of their 2025 production guidance range.
In the third quarter of 2025, iron ore production totaled 94.4 million tons, a year-on-year increase of 3.4 million tons, or 4%. This was driven by record quarterly production at the S11D mining area and the continued ramp-up of key projects. Iron ore sales reached 86 million tons, a year-on-year increase of 4.2 million tons, or 5%. Prices also improved, primarily due to an increase in the premium for iron ore fines (up $1.80/ton quarter-on-quarter). Pellet production totaled 8 million tons, a year-on-year decrease of 2.4 million tons, or 23%, reflecting market conditions.
In the third quarter of 2025, copper production totaled 90,800 tons, an increase of 4,900 tons, or 6%, year-on-year, mainly due to stable output in the Salobo operating area and increased copper concentrate production in the Voisey's Bay and Sudbury operating areas.
Nickel production totaled 46,800 tonnes in the third quarter of 2025, essentially flat year-on-year. Record production at the Long Harbour refinery offset maintenance at the Copper Cliff refinery in Sudbury.
In the third quarter of 2025, iron ore production totaled 94.4 million tons, a year-on-year increase of 3.4 million tons, or 4%. This was driven by record quarterly production at the S11D mining area and the continued ramp-up of key projects. Iron ore sales reached 86 million tons, a year-on-year increase of 4.2 million tons, or 5%. Prices also improved, primarily due to an increase in the premium for iron ore fines (up $1.80/ton quarter-on-quarter). Pellet production totaled 8 million tons, a year-on-year decrease of 2.4 million tons, or 23%, reflecting market conditions.
In the third quarter of 2025, copper production totaled 90,800 tons, an increase of 4,900 tons, or 6%, year-on-year, mainly due to stable output in the Salobo operating area and increased copper concentrate production in the Voisey's Bay and Sudbury operating areas.
Nickel production totaled 46,800 tonnes in the third quarter of 2025, essentially flat year-on-year. Record production at the Long Harbour refinery offset maintenance at the Copper Cliff refinery in Sudbury.
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