Vale S.A. (NYSE:VALE) is one of the best affordable stocks to buy under $20. Vale S.A. (NYSE:VALE) reported its production and sales in fiscal Q3 2025 on October 21, announcing that it delivered strong operational performance in the quarter. Production rose to its highest level since 2018 in Iron Ore, along with an improvement in price realization.
Management reported that Salobo drove year-over-year growth in Copper, and polymetallic assets delivered steady performance. In Nickel, ore mined at Sudbury rose by 45% year-over-year, and Onça Puma’s 2nd furnace started operations, potentially leading to growth in production in the coming quarters. According to Vale S.A. (NYSE:VALE), all three businesses are “tracking towards the upper end of the 2025 production guidance ranges”.
Iron ore production in the quarter totaled 94.4 Mt, up 4% year-over-year. The growth was supported by the continued ramp-up of key projects and a new quarterly record at S11D. Iron ore sales also rose 5% year-over-year to 86.0 Mt, while copper production totaled 90.8 kt, 6% higher year-over-year.
Vale S.A. (NYSE:VALE) produces and exports pellets, iron ore, manganese, and iron alloys. Its operations are divided into the Energy Transition Materials, Iron Solutions, and Coal and Others segments.
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Disclosure: None. This article is originally published at Insider Monkey.