Analysts in Brazil believe that the country's Vale miner will report strong operating results for its iron ore division on October 21 and a positive financial result on October 30, relative to the third quarter of 2025.
Iron ore supplies are expected to increase by 9.0 million tons to 85.9 million, according to Bank Itaú BBA tons compared to the second quarter. 2025, with the average selling price increasing by $9.9/t. to $95/t, and production costs will decrease by $1.5/t to $24.8/t for iron ore delivered to the port.
In 4Q 2025, the bank expects a seasonal increase in iron ore sales volumes with the possibility of higher unit prices compared to 3Q 2025
Relative to net income, which includes results from all of Vail's businesses, the bank expects to decline year over year by 17.5 percent to $1.99 billion for the third quarter of 2025.
