Key Facts
- Vale’s New York shares fell 1.11% to US$13.37 on Tuesday 13 October, and its São Paulo shares fell 1.09% on the day Brazil’s exchange reopened.
- Rio Tinto fell 1.31% to US$93.06, so two major listed iron-ore producers fell together.
- CSN’s New York shares fell 2.36% to US$1.24, after a 0.78% fall on Monday.
- Brazil’s Ibovespa fell 1.04%, as a close poll and profit-taking weighed on shares.
- We found no prediction market on iron ore, so this wrap uses share prices only.
Today’s Focus
Iron-ore producers fell on Tuesday 13 October. Vale’s New York shares lost 1.11% to US$13.37, and Rio Tinto fell 1.31% to US$93.06.
Brazil’s B3 exchange reopened after the Monday holiday. Vale’s São Paulo shares fell 1.09%, close to the New York move.
We could not confirm an iron-ore price move for the day. Brazil’s broad index fell 1.04%, so part of the fall reflects the market.
What matters today. Vale is the main US-listed route into Brazilian iron ore, so its fall matters to US investors even though the São Paulo market was closed on Monday.
01 The session in one read
Vale fell 1.11% in New York and 1.09% in São Paulo on Tuesday 13 October. That is almost the same move in both places.
Rio Tinto, the global benchmark peer, fell 1.31% to US$93.06. The weaker dollar did not lift either company.
Assessment — Producers move together MEDIUM
Vale and Rio Tinto fell by similar amounts, and Vale’s two listings matched. That suggests a market-wide move and not a Brazil-only shock.
The variable to watch is Chinese steel demand. We could not confirm it on Tuesday.
02 The board
The producers and the steelmaker CSN fell together. CSN’s ADR lost 2.36%, which is the largest move on the board.
Brazil’s Ibovespa fell 1.04%, and the real weakened about 0.8% against the dollar. Both matter for Vale’s costs and its dollar earnings.
| Asset | Level | Change |
|---|---|---|
| Vale (New York) | US$13.37 | -1.11% |
| Rio Tinto | US$93.06 | -1.31% |
| CSN (ADR) | US$1.24 | -2.36% |
| Ibovespa | 206,887.52 | -1.04% |
| US dollar index | 102.2 | -0.36% |
Source: RT close, 2026-10-13. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
Live Market IntelligenceThe live market boardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.
Rio Times · Live Market Intelligence
Latin America — Cross-Market Board
Regional
Oct 13, 2026 · 21:54
Ibovespa · benchmark
206,887.52 -1.04%
L 167,142day rangeH 168,310
+21.85% over 12 months
Market breadth · 5 names
60% advancing
3 ▲ advancing2 declining ▼
Currencies, rates & key inputs
USD / BRL
5.16
+0.01%
USD / MXN
17.06
-0.24%
USD / CLP
913.98
+0.04%
USD / COP
3,140
+0.03%
USD / ARS
1,493
+0.10%
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil 206,887.52 -1.04%
S&P/BMV IPCMexico 67,147.36 +0.60%
S&P IPSAChile 11,020.01 -0.21%
S&P MERVALArgentina 2,869,151 +1.45%
MSCI COLCAPColombia 2,570.34 +1.55%
BVL S&P PerúPeru 60,645.95 -0.22%
Full instrument board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 206,887.52 | -1.04% | +21.85% | 209,066.90 | 168,310 | 167,142 | — |
| IPSA | 11,020.01 | -0.21% | — | 11,043.36 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 67,147.36 | +0.60% | +12.17% | 66,746.78 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,869,151 | +1.45% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,570.34 | +1.55% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 60,645.95 | -0.22% | — | — | — | — | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| EUR/BRL | 5.95 | +1.01% | -5.83% | 5.89 | 5.98 | 5.94 | — |
| USD/MXN | 17.06 | -0.24% | -8.58% | 17.10 | 17.08 | 17.01 | — |
| USD/CLP | 913.98 | +0.04% | -5.67% | 913.65 | 915.11 | 906.68 | — |
| USD/COP | 3,140 | +0.03% | -22.04% | 3,139 | 3,141 | 3,105 | — |
| USD/PEN | 3.36 | -0.66% | -4.82% | 3.38 | 3.38 | 3.35 | — |
| USD/ARS | 1,493 | +0.10% | +12.96% | 1,491 | 1,494 | 1,480 | — |
| USD/UYU | 40.27 | +1.24% | +1.80% | 39.77 | 40.27 | 40.23 | — |
| USD/PYG | 5,939 | +1.68% | -19.54% | 5,841 | 5,939 | 5,925 | — |
| USD/BOB | 11.64 | -0.76% | +72.04% | 11.73 | 11.72 | 11.64 | — |
| USD/DOP | 58.34 | +1.25% | -3.44% | 57.62 | 58.34 | 58.04 | — |
| USD/CRC | 445.92 | +0.89% | -9.71% | 441.97 | 448.50 | 445.92 | — |
Largest moves today
USD/PYG 5,939 +1.68%
COLCAP 2,570.34 +1.55%
MERVAL 2,869,151 +1.45%
USD/DOP 58.34 +1.25%
USD/UYU 40.27 +1.24%
IBOV 206,887.52 -1.04%
EUR/BRL 5.95 +1.01%
USD/CRC 445.92 +0.89%
The session read
The Ibovespa eased 1.04%, with breadth positive — 3 of 5 names higher. COLCAP led, while BVL PERÚ lagged.
Live Company IntelligenceVale SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
V
◆ Live Company Intelligence
Vale
NYSE: VALEVALE3Basic MaterialsOther Industrial Metals & Mining65,805 employees
$57.54B
Market cap
Analyst target $16.44
Wall Street view
3.6Moderate Buy/ 5
10 Buy14 Hold1 Sell
Avg. price target $16.44 · +7% vs 200-day
Valuation & profitability
Market cap$57.54B
Revenue (TTM)$218.07B
P / E ratio27.0
Profit margin4.8%
Return on equity4.1%
Price & risk
52-wk low
$10.1552-wk high
$17.44
Beta (volatility)0.70
200-day average$15.35
Revenue trend · 6y
20202025
Latest $38.23B
Ownership
Institutions20.6%
Shares outstanding4.26B
Top holderCapital World Investors
Institutional holders5+ funds
Dividend
Yield40.2%
Payout ratio2.0%
Fwd. annual$0.84
What Vale does. Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous…
03 What moved it
We found no Vale or Rio Tinto announcement on Tuesday. We could not confirm the move in Chinese or Singapore iron-ore futures, so we do not quote one.
InfoMoney said analysts linked the Brazilian market’s fall to election caution and US-Iran tension. Vale’s drop of 1.09% in São Paulo was close to the index’s fall.
04 The Latin American read
Brazil is the world’s second-largest iron-ore exporter, after Australia. Vale ships much of its ore from Minas Gerais and Pará to Chinese steel mills.
Brazil’s runoff election is on Sunday 25 October. A weaker real tends to help exporters such as Vale, which earn dollars and pay many costs in reais.
05 The names to watch
Vale is the main listed route into Brazilian iron ore. CSN Mineração is a smaller Brazilian exporter that trades only in São Paulo.
Rio Tinto is the global benchmark peer. Comparing it with Vale shows whether a move is Brazil-specific.
06 The outlook
Investors will watch for steel-demand data from China and for any fresh Brazilian election polls. We could not confirm the state of Chinese steel demand on Tuesday.
US inflation data on Wednesday could move all commodity shares. That remains the main unknown for the sector.
07 What to watch
- Chinese steel data: Mill demand sets the iron-ore price.
- Brazilian polls: Further surveys before the 25 October runoff can move the real and Vale’s shares.
- US consumer prices: The September reading is due on Wednesday 14 October at 12:30 UTC (8:30 am ET).
- Vale’s quarterly update: Production figures would show how supply is holding up.
Background: Vale Slips 0.73% to US$13.52 as Brazil Shuts.
Background: Ibovespa Hits Record 209,067 as Real Gains.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
Why did Vale shares fall on 13 October?
We found no company news. Vale fell 1.11% to US$13.37 in New York and 1.09% in São Paulo as Brazil’s Ibovespa fell 1.04%.
What did Rio Tinto do?
Rio Tinto fell 1.31% to US$93.06 in New York.
Why does iron ore matter for Brazil?
Brazil is the world’s second-largest iron-ore exporter, after Australia. Vale ships much of its ore to Chinese steel mills.
Are there prediction markets on iron ore?
We found none. This wrap relies on share prices.
Market data: RT; São Paulo close: InfoMoney
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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