Vale Q1 EBITDA Misses Forecast, Up 21%

Vale SA posted Q1 2026 pro forma EBITDA of $3.89 bn, up 21% YoY but below Bloomberg estimate of $4.11 bn.
Revenue rose 14% to $9.26 bn and net profit jumped 36% to $1.89 bn, missing consensus $2.05 bn.
Higher commodity prices drove results, with iron‑ore fines price up 5.5% and copper price up 48% YoY.
Company cites growing copper and nickel demand from electrification and data‑center construction for future growth.