Vale S.A. (VALE) Form 6-K — May 12, 2026
Vale S.A. has updated its estimates for the Iron Ore Solutions segment, projecting a free cash flow increase of approximately US$1.5 billion in 2026. This increase is driven by a US$1.2 billion rise in EBITDA and US$425 million from foreign exchange and fuel hedging programs, with a slight increase in sustaining capital expenditures of US$0.1 billion. The estimates are based on market conditions resulting from the conflict in the Middle East, with pre-conflict and post-conflict scenarios providing the basis for these projections.
Key figures
- Nickel Ebitda Sensitivity2026
- {"16000":"1150","18000":"1550","20000":"2000"}
- Nickel Ebitda Sensitivity2027
- {"16000":"1600","18000":"2000","20000":"2450"}
- Ebitda Increase Iron Ore Solutions
- 1.2 billion
- Nickel Free Cash Flow Sensitivity2026
- {"16000":"5","18000":"350","20000":"700"}
- Nickel Free Cash Flow Sensitivity2027
- {"16000":"300","18000":"650","20000":"1000"}
- Free Cash Flow Increase Iron Ore Solutions
- 1.5 billion
- Sustaining Capital Expenditures Increase
- 0.1 billion
- Cash Flow Generation Foreign Exchange Fuel Hedging
- 425 million
- Pre Conflict Brent Price
- 67/bbl
- Post Conflict Brent Price
- 104/bbl
- Pre Conflict Bunker Price
- 490/t
- Post Conflict Bunker Price
- 675/t
- Pre Conflict Exchange Rate
- 5.27
- Pre Conflict Iron Ore Price
- 102/t
- Post Conflict Exchange Rate
- 4.90
- Post Conflict Iron Ore Price
- 112/t
AI analysis
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