Vale Shares Stand Out as Brazil Market Slips, Iron Ore Prices Stay Firm
Vale shares closed at R$83.50 in São Paulo on Friday, up 0.76%, while the Ibovespa fell 0.61%. Vale told U.S. regulators it expects about $1.5 billion more 2026 free cash flow from its iron ore unit, citing market conditions after the Middle East conflict. Iron ore traded near a 52-week high at $110.77 a tonne on May 15. Vale’s Q1 net profit rose 36% to $1.89 billion, missing analyst forecasts.