Vale S.A. (VALE) Q2 2026 Earnings Call Transcript

SA Transcripts 161.4K Followers Follow Vale S.A. ( VALE ) Q2 2026 Earnings Call July 31, 2026 10:00 AM EDT Company Participants Gustavo Duarte Pimenta - Chief Executive Officer Marcelo Bacci - Executive Vice President of Finance & Investor Relations Rogério Nogueira - Executive Vice President of Commercial & Development Shaun Usmar - Chief Executive Officer of Vale Base Metals Ltd Carlos Medeiros - Executive Vice President of Operations Conference Call Participants Rodolfo De Angele - JPMorgan Chase & Co, Research Division Daniel Sasson - Itaú Corretora de Valores S.A., Research Division Carlos de Alba - Morgan Stanley, Research Division Rafael Barcellos - Banco Bradesco BBI S.A., Research Division Alexander Hacking - Citigroup Inc., Research Division Caio Ribeiro - BofA Securities, Research Division Amos Fletcher - Barclays Bank PLC, Research Division Marcio Farid Filho - Goldman Sachs Group, Inc., Research Division Marina Calero Ródenas - RBC Capital Markets, Research Division Presentation Operator Good morning, ladies and gentlemen. Welcome to Vale's Second Quarter 2026 Earnings Call. This conference is being recorded, and the replay will be available on our website at vale.com. The presentation is also available for download in English and Portuguese from our website. [Operator Instructions]. We would like to advise that forward-looking statements may be provided in this presentation, including Vale's expectations about future events or results, encompassing those matters listed in the respective presentation. We caution you that forward-looking statements are not guarantees of future performance and involve risks and uncertainties. To obtain information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission, the Brazilian Comissão de Valores Mobiliários and in particular, the factors discussed under forward-looking statements and Risk Factors in Vale's annual report on Form 20-F. With us today are Mr. Gustavo Pimenta, CEO; Mr. Marcelo Bacci, Executive Vice President of Finance and Investor Relations; Mr. Rogério Nogueira, Executive Vice President, Commercial and Development; Mr. Carlos