Iron ore dips as traders unwind positions ahead of China holiday

Market Closed – Sao Paulo			5-day change	1st Jan Change
89.23 ^BRL	+7.53%		+3.22%	+24.00%

Published on 02/12/2026
at 10:57 pm EST

Reuters

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Vale S.A. is one of the world’s leading metallurgical and mining groups. Net sales break down by family of products as follows:

– ferrous minerals and metals (82.6%): iron ore (78.9% of net sales; 260.3 Mt sold in 2024), iron ore pellets (18.8%; 38.3 Mt) and other (2.3%);

– non-ferrous minerals and metals (17.4%): nickel, precious metals and cobalt (55.4% of revenues; 155 Kt of nickel sold), copper (42.4%; 250 Kt) and other (2.1%).

Net sales are distributed geographically as follows: Brazil (9.4%), the United States (2.8%), the Americas (2.5%), China (50.9%), Japan (8%), Asia (7.6%), Germany (3.9%), Europe (7.9%) and other (7%).