Vale Lifts 2026 Iron-Ore Cost Guidance and Improves Its Base-Metals Outlook

Economy: Rio de Janeiro Key Facts —Guidance up. Vale raised its 2026 iron-ore cost outlook, lifting its C1 cash-cost range to about US$22.50–23.50 a tonne from US$20–21.50. —All-in. Its all-in iron-ore cost guidance rose to roughly US$58–62 a tonne, with exchange-rate and diesel effects a major driver. —Base metals. The company improved its base-metals outlook,…