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VALE FY2025 Earnings: $85.9B EBITDA Beats Iron Ore Slump — Is 2026 Guidance Too Low?
Vale's FY2025 6-K shows $85.9B Adjusted EBITDA (+7% YoY), with base metals surging to offset iron ore declines; 336 Mt iron ore beat guidance. 2026 targets remain steady at 335-345 Mt iron ore, signaling confidence amid cost controls and project ramps.