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Iron Ore Prices

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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