Vale's net profit increased in the third quarter of 2025

Brazilian miner Vale reported net income of $2.695 billion for the third quarter of 2025, up 13 percent from the third quarter of 2024.

Net sales increased 9 percent to $10.420 billion, production costs increased 6.0 percent to $6.632 billion, gross profit increased by 16 percent to $3.788 billion and EBITDA rose 17 percent to $3.399 billion.  During the quarter, Vale's iron ore fines accounted for 78 percent of the company's EBITDA, while iron ore pellets were equivalent to 12 percent and other iron minerals contributed 1 percent.  For In the quarter, the company sold 75.020 million tons of iron ore, 8.769 million tons of pellets and 2.208 million tons of run-of-mine iron ore, maintaining its target production range of 325-335 million tons for 2025.