Vale S.A.’s U.S.-listed shares bounced back about 4% to $16.34 by midday Tuesday, after earlier hitting $16.53. The Brazilian miner had paused operations at its Fabrica and Viga iron ore units in Minas Gerais following water overflows that prompted Congonhas city to suspend operating permits. The stock had dropped over 2% on Monday. Vale stuck to its 2026 iron ore production guidance of 335 million to 345 million metric tons. Still, analysts at RBC Europe and Itau BBA warned the suspension could keep short-term trading choppy.