About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April 2025 Vale S.A. Praia de Botafogo nº 186, 18º andar, Botafogo 22250-145 Rio de Janeiro, RJ, Brazil (Address of principal executive office) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) (Check One) Form 20-F x Form 40-F ¨ Parauap ...

I have been a long-term bull on Vale S.A. (NYSE: VALE ) throughout my last few articles , based on the investment thesis that the iron ore giant is one of the leading global producersAs a researcher and operations manager at DM Martins Research, I leverage my deep understanding of global markets to provide valuable and actionable insights. Previously, I contributed to TheStreet and currently write for platforms such as TipRanks and GuruFocus. At Seeking Alpha, my focus is on delivering in-depth analysis of ...

Vale S.A. (VALE) is expected to report a decline in its bottom and top lines when it reports first-quarter 2025 results on April 24, after market close. The Zacks Consensus Estimate for Vale’s sales is pegged at $8.16 billion, indicating a 3.5% decrease from the year-ago quarter's figure. The consensus mark for earnings has moved down 14% over the past 60 days to 37 cents per share. The figure indicates a 5.1% year-over-year decline. Image Source: Zacks Investment ResearchVALE’s Earnings Surprise HistoryVAL ...

Core Insights - Vale S.A. reported a decline in iron ore production for Q1 2025, with total output at approximately 67.7 million tons, a 4.5% decrease year-over-year, despite strong performance at the S11D mine [1][2][3] Iron Ore Production - The S11D mine achieved its highest-ever first-quarter output of 19.4 million tons, marking a 9.3% increase from Q1 2024, driven by asset reliability initiatives [2] - The Northern System's total output fell by 2.6% year-over-year to around 35 million tons due to licensing restrictions and heavy rainfall [3] - Southeastern System's production decreased by 6% to 18.4 million tons, impacted by a 49-day maintenance period at the Cauê plant, although improvements at Fazendão partially offset this decline [4] - Southern System's output dropped by 7% to 14.3 million tons as Vale shifted focus towards higher-margin products [5] Pellet Production - Pellet production decreased by 15.2% year-over-year to 7.2 million tons, attributed to lower feed availability and increased rainfall affecting the Northern System [6] Sales Volumes and Prices - Iron ore fines sales rose by 8% year-over-year to 56.8 million tons, driven by the sale of previously built-up inventories [7] - Total iron ore sales increased by 3.6% to 66.1 million tons, while pellet sales fell by 18.8% to around 7.5 million tons [8] - The average realized price for iron ore fines was $90.8 per ton, down 9.8% year-over-year, and for pellets, it was $140.8 per ton, an 18.1% decrease [8] Copper Production - Copper production increased by 11% year-over-year to 90.9 thousand tons, with significant contributions from the Salobo and Sossego mines [9] - Copper sales rose by 6.6% to 81.9 thousand tons, reflecting higher production levels [10] - The average realized price for copper operations was $8,891 per ton, up 15.7% year-over-year [11] Nickel Production - Nickel production grew by 11.1% year-over-year to 43.9 thousand tons, driven by the ramp-up of Voisey's Bay underground mines [12] - Nickel sales increased by 17.5% to 38.9 thousand tons [12] - The average realized nickel price was $16,106 per ton, down 4% from the previous year [13] Financial Outlook - Vale is expected to report Q1 2025 revenues of $8.16 billion, indicating a 3.5% year-over-year decline, with earnings estimated at 37 cents per share, a 5% drop [14][15] - The company projects iron ore production between 325-335 million tons and copper production between 340-370 thousand tons for 2025 [15] Peer Comparisons - Rio Tinto reported a 9% decline in iron ore shipments to 70.7 million tons for Q1 2025, while BHP's iron ore production remained flat at 61.8 million tons [16][18] Stock Performance - Vale's shares have decreased by 25.3% over the past year, compared to a 24.9% decline in the industry [20]

在谈到在华投资时，毕闻达表示，淡水河谷一直在努力扩大在华的混矿能力，同时希望扩大绿色新产品 在中国的应用。 高品位铁矿石对于能源转型至关重要。毕闻达透露，淡水河谷一直在增加高品位铁矿石产量以服务全球 客户，尤其是中国客户。除铁矿石外，近年来淡水河谷也非常注重发展能源转型金属业务，特别是铜产 业。"我们希望未来将铜产能从每年35万吨翻一番至每年70万吨。"毕闻达说，淡水河谷拥有独特的资产 禀赋，扩大铜和高品位铁矿石产量，可以满足全球能源转型日益增长的需求。 淡水河谷致力于成为全球矿业客户尤其是中国客户的主要供应商、首选供应商。毕闻达表示，目前，淡 水河谷已在巴西实现"范围二"（企业购买外部能源而产生的温室气体排放）的零排放，实现这一目标的 关键是与中国科技公司晶科能源共同建设的太阳能项目，该项目是南美洲最大的项目之一。此外，淡水 河谷还与中国新能源汽车公司比亚迪开展合作，主要研究轻型汽车电气化，将就在淡水河谷运营区安装 必要车辆充电基础设施进行评估，对部分电动车型进行测试。 毕闻达表示，中国政府提出大力发展绿色贸易，这与淡水河谷低碳绿色发展的策略高度契合。目前，淡 水河谷正在为中国客户开发和推广多款新型绿色产品 ...

As filed with the Securities and Exchange Commission on March 28, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 Commission file number: 001-15030 VALE S.A. (Exact name of Registrant as specified in its charter) Federative Republic of Brazil (Jurisdiction of incorporation or organization) Marcelo Feriozzi Bacci, Executive Vice-President Fin ...

Company Performance - VALE S.A. ended the latest trading session at $9.94, reflecting a -1.29% adjustment from the previous day's close, underperforming the S&P 500's daily gain of 1.77% [1] - Over the last month, VALE's shares decreased by 0.4%, which is slightly worse than the Basic Materials sector's loss of 0.29% and significantly better than the S&P 500's loss of 5.73% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with expected EPS of $0.43, representing a 10.26% increase from the prior-year quarter [2] - Revenue is projected to be $8.81 billion, indicating a 4.09% increase compared to the same quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $1.86 per share and revenue at $39.97 billion, reflecting changes of +2.2% and +5.02% respectively from the previous year [3] - Recent changes to analyst estimates indicate a favorable outlook on the company's business health and profitability [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks VALE S.A. at 3 (Hold) [5] - Over the past month, there has been a 0.65% rise in the Zacks Consensus EPS estimate [5] Valuation Metrics - VALE S.A. is trading with a Forward P/E ratio of 5.4, which is in line with the industry's average Forward P/E of 5.4 [6] - The company has a PEG ratio of 0.31, similar to the Mining - Iron industry's average PEG ratio of 0.31 [6] Industry Context - The Mining - Iron industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 82, placing it within the top 33% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Financial Performance - Vale reported R$ 206.0 billion in net operating revenue and R$ 31.6 billion in net income attributable to shareholders for 2024, marking a significant financial performance[9]. - The company achieved 328 Mt of iron ore production, a 6.3% increase year-over-year, and 307 Mt of iron ore sales, reflecting a 1.9% increase[9][12]. - Vale's copper production reached 348 kt, exceeding the 2024 guidance with a 6.6% year-over-year increase, while nickel production decreased by 3.0% to 160 kt[10]. - The company allocated R$ 32.7 billion in investments, including R$ 24.8 billion in sustaining CAPEX, and approved R$ 4.76 per share in dividends for FY 2024[10]. - Vale closed 2024 with a market capitalization of approximately R$ 232.9 billion, down from R$ 331.9 billion in 2023, reflecting a year-over-year decrease of 29.3%[84]. - The average trading volume for VALE3 was R$ 1,449 million in 2024, compared to R$ 1,855 million in 2023[86]. Operational Achievements - Vale achieved all production guidance for 2024, with iron ore production at 328 Mt, pellets at 37 Mt, nickel at 160 kt, and copper at 348 kt[45]. - The commissioning of the Vargem Grande and Capanema projects is underway, expected to increase production capacity by 30 Mtpy upon completion[1]. - Vale's operational efficiency improvements led to the lowest C1 iron ore cost for a quarter since 2021 and the lowest All-in Copper cost since 2020[46]. Sustainability Initiatives - Vale's sustainability initiatives included a 68% reduction in the Total Recordable Injury Frequency Rate (TRIFR) compared to the baseline year 2019[13]. - The company has protected over 200,000 hectares cumulatively by 2024, focusing on environmental and social commitments, particularly in the Amazon[34]. - The company is committed to eliminating all level 3 emergency dams by 2025, having reduced the number of such structures by 60% compared to the historical peak in 2020[43]. - Vale aims for a 27% cumulative reduction in specific freshwater use by 2030, with ongoing sustainability projects[156]. - The company is committed to helping lift 500,000 people out of extreme poverty by 2030, with around 51,000 people currently involved in proof-of-concept projects[161]. - The company completed 75% of total obligations under the Judicial Settlement for Integral Reparation related to the Brumadinho dam collapse, including 39% of performance obligations and 91% of payment obligations[188]. Community Engagement and Social Responsibility - In 2024, the company engaged with 1,215 local communities, implementing 368 Local Community Engagement Plans, with 93.5% coverage of priority communities in Brazil[165]. - The company recorded 98 accidents involving community members in 2024, a 3% increase from 2023, resulting in 12 fatalities, and aims to reduce such incidents by 40% by 2027[169]. - The company achieved R$ 11.6 billion in social, environmental, and institutional expenditures in 2024, with R$ 4,956 million allocated for social initiatives and R$ 6,618 million for environmental initiatives[169]. - 434 local associations and small businesses supported, benefiting over 16,000 people[193]. - 550+ water supply facilities built, potentially benefiting over 5 million people[196]. Diversity and Employee Engagement - Vale reached a 26.5% representation of women in its workforce, doubling its goal set for 2024[108]. - Vale's employee engagement survey recorded an 83% approval rate, reflecting a 1 percentage point increase from 2023[99]. - The company achieved a 57% reduction in "very high" risk situations in 2024 compared to previous years[115]. - Vale's commitment to diversity led to a 37.7% representation of black individuals in leadership positions, progressing towards a goal of 40% by 2026[109]. Environmental Management - The company implemented the Global Industry Standard on Tailings Management (GISTM) for 48 of its 50 Tailings Storage Facilities by August 2023[142]. - The company has reduced the number of structures at any emergency level in Brazil by 60% since 2020, from a peak of 35 structures to 14[135]. - The maximum emergency level of the Sul Superior dam was reduced from level 3 to level 2 in 2024 due to new geotechnical surveys and monitoring[136]. - 48% of disturbed land under environmental rehabilitation, out of a total of 658 hectares[196]. - 228,000 native seedlings planted in Minas Gerais[199].

Core Insights - The article discusses the recent trends in the commodities market, particularly focusing on gold and silver prices, which have shown significant fluctuations due to various economic factors [1] Group 1: Market Trends - Gold prices have experienced a notable increase, reaching approximately $1,800 per ounce, reflecting a rise of about 5% over the past month [1] - Silver prices have also surged, currently trading around $24 per ounce, marking a 7% increase in the same timeframe [1] Group 2: Economic Influences - The fluctuations in commodity prices are largely attributed to changes in interest rates and inflation expectations, which have created a volatile environment for investors [1] - Geopolitical tensions and supply chain disruptions are further contributing to the uncertainty in the commodities market, impacting both gold and silver prices [1]