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COGS Breakdown
Analyzes the cost of goods sold in detail, offering a view into production efficiency and cost management, which directly impacts profit margins.Vale’s cost base is shifting from legacy coal/alloys into iron ore and—critically—base metals (nickel, copper and a growing “other energy transition metals” line), reflecting VBM scale‑up and commercial premium gains. That diversification boosts EBITDA optionality (management flagged strong VBM EBITDA and sharp unit cost declines), but iron‑ore C1/all‑in costs remain under pressure from FX, inventory and logistics; margins hinge on continued VBM cost improvements and resolution of provisional price, freight and royalty risks that make guidance conditional.
Date | Iron Ore Fines | ROM Iron Ore | Iron Ore Pellets | Other Ferrous | MN & Alloys | Nickel | Copper | Coal | Other | Other Energy Transition Metals |
|---|---|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $4.09B | $0.00 | $680.00M | $155.00M | $0.00 | $946.00M | $479.00M | $0.00 | $0.00 | $108.00M |
Mar 31, 2026 | $3.25B | $0.00 | $587.00M | $165.00M | $0.00 | $910.00M | $426.00M | $0.00 | $0.00 | $40.00M |
Dec 31, 2025 | $3.62B | $0.00 | $703.00M | $148.00M | $0.00 | $954.00M | $468.00M | $0.00 | $0.00 | $84.00M |
Sep 30, 2025 | $3.67B | $0.00 | $677.00M | $181.00M | $0.00 | $871.00M | $437.00M | $0.00 | $0.00 | $60.00M |
Jun 30, 2025 | $3.39B | $0.00 | $577.00M | $140.00M | $0.00 | $781.00M | $402.00M | $0.00 | $0.00 | $37.00M |
Mar 31, 2025 | $2.81B | $0.00 | $559.00M | $137.00M | $0.00 | $907.00M | $339.00M | $0.00 | $0.00 | $38.00M |
Dec 31, 2024 | $3.22B | $0.00 | $729.00M | $154.00M | $0.00 | $974.00M | $386.00M | $0.00 | $0.00 | $58.00M |
Sep 30, 2024 | $3.37B | $0.00 | $747.00M | $137.00M | $0.00 | $936.00M | $366.00M | $0.00 | $0.00 | $11.00M |
Jun 30, 2024 | $3.56B | $0.00 | $705.00M | $154.00M | $0.00 | $731.00M | $391.00M | $0.00 | $0.00 | $49.00M |
Mar 31, 2024 | $2.70B | $0.00 | $739.00M | $110.00M | $0.00 | $773.00M | $329.00M | $0.00 | $0.00 | $35.00M |