Vale Lifts 2026 Iron Ore Cost Outlook, C1 Cash Cost Seen Up to $23.5/Ton
Vale raised its 2026 iron ore production cost guidance, with C1 cash costs now projected at $22.5–$23.5 per ton and all-in costs at $58–$62 per ton, according to a corrected filing.
Brazilian miner Vale updated its cost forecast for 2026 iron ore operations in a corrected regulatory filing. The company now expects C1 cash costs between $22.5 and $23.5 per ton, up from its previous range of $20–$21.5 per ton.
All-in costs—a broader measure including freight, royalties, and sustaining capital—are projected at $58 to $62 per ton, compared with $52–$56 per ton in the prior outlook.
The higher guidance may reflect rising input expenses or operational challenges, though the filing did not provide specific reasons for the revision. The correction label indicates the figures were amended from an earlier release.
Source: First Squawk