Key Facts
- Vale’s New York shares fell 1.44% to US$13.02 on Thursday 15 October, after a 1.2% fall on Wednesday.
- Rio Tinto dropped 1.14% to US$90.21 and BHP 0.43% to US$82.90, while Cleveland-Cliffs fell 3.42%.
- Brazil’s Ibovespa fell 1.06% and the dollar rose 1.17% against the real, so Brazilian miners lost on shares and on currency.
- The SLX steel fund fell 0.68%, which suggests weaker steel sentiment too.
Today’s Focus
Iron ore producers fell on Thursday 15 October. Vale, Brazil’s largest miner, lost 1.44% to US$13.02 in New York, while Rio Tinto fell 1.14% and BHP 0.43%.
The drop came on a day when Brazil’s Ibovespa fell 1.06% and the dollar rose 1.17% against the real. We have no confirmed iron ore price for the day, so we show miner shares as proxies.
Chinese steel demand drives iron ore, but our economic calendar showed no major China data for Thursday.
What matters today. US holders of Vale’s ADR lose twice when Brazilian shares and the real fall together, as they did on Thursday.
01 The session in one read
Vale’s ADR fell for a second straight day, losing 1.44% to US$13.02 after US$13.21 on Wednesday. Rio Tinto and BHP, which also mine iron ore in Australia, fell by less than Vale.
Cleveland-Cliffs, a US iron ore and steel producer, fell 3.42%.
Assessment — Brazil-specific pressure LOW
Vale fell more than BHP, which fits a day when Brazilian assets were sold. The cause for iron ore itself is unconfirmed.
We could not confirm the Dalian or Singapore iron ore price for Thursday.
02 The board
The board shows miner shares and a steel fund in US dollars, since we have no confirmed iron ore price.
| Instrument | Level (US$) | Change |
|---|---|---|
| Vale (Brazil) | 13.02 | -1.44% |
| Rio Tinto | 90.21 | -1.14% |
| BHP | 82.90 | -0.43% |
| Cleveland-Cliffs | 12.15 | -3.42% |
| SLX steel fund | 101.76 | -0.68% |
Source: RT close, 2026-10-15. 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 15, 2026 · 21:51
Ibovespa · benchmark
204,324.26 -1.06%
L 167,142day rangeH 168,310
+21.85% over 12 months
Market breadth · 5 names
80% advancing
4 ▲ advancing1 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 204,324.26 -1.06%
S&P/BMV IPCMexico 67,180.21 +0.58%
S&P IPSAChile 10,971.88 +0.05%
S&P MERVALArgentina 2,859,051 +0.82%
MSCI COLCAPColombia 2,580.50 -0.07%
BVL S&P PerúPeru 59,543.73 +1.12%
Full instrument board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 204,324.26 | -1.06% | +21.85% | 206,505.98 | 168,310 | 167,142 | — |
| IPSA | 10,971.88 | +0.05% | — | 10,966.21 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 67,180.21 | +0.58% | +12.17% | 66,790.35 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,859,051 | +0.82% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,580.50 | -0.07% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 59,543.73 | +1.12% | — | — | — | — | — |
| 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%
USD/DOP 58.34 +1.25%
USD/UYU 40.27 +1.24%
BVL PERÚ 59,543.73 +1.12%
IBOV 204,324.26 -1.06%
EUR/BRL 5.95 +1.01%
USD/CRC 445.92 +0.89%
MERVAL 2,859,051 +0.82%
The session read
The Ibovespa eased 1.06%, with breadth positive — 4 of 5 names higher. BVL PERÚ led, while COLCAP 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
$56.22B
Market cap
Analyst target $16.36
Wall Street view
3.6Moderate Buy/ 5
10 Buy14 Hold1 Sell
Avg. price target $16.36 · +7% vs 200-day
Valuation & profitability
Market cap$56.22B
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
Yield41.0%
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 iron ore-specific news for Thursday. The softer dollar and lower US yields did not lift the miners, which points to sector or Brazil factors.
Brazil’s retail sales miss and new polls showing a technical tie weighed on local assets, according to Suno and CNN Brasil.
04 The Latin American read
Brazil is one of the world’s two largest iron ore exporters, and Vale is its largest miner. A weaker real raises the local value of dollar sales but also reflects investor caution.
US holders see both effects in the ADR price.
05 The names to watch
Vale is the main Latin American listing. Rio Tinto and BHP give wider exposure and moved less.
Cleveland-Cliffs is a US producer and fell the most.
06 The outlook
Chinese steel output and the real are the next drivers. A weaker real supports Vale’s margins in reais but weakens the ADR price in dollars.
We will report the next confirmed ore price when one is available.
07 What to watch
- China: Industrial output and steel data would show whether ore demand holds.
- The real: A further fall would deepen the dollar loss on Vale’s ADR.
- Brazil activity: The central bank’s IBC-BR activity index for August is due on Friday 16 October at 12:00 UTC.
- US data: US industrial production for September is due at 13:15 UTC on Friday 16 October, with a forecast of +0.4%.
Background: Vale Falls 1.2% to US$13.21 as Rio Tinto Drops 1.9%.
Background: Brazil Stocks Fall 1.06% as Real Weakens.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
Why did Vale fall on 15 October?
Vale’s ADR fell 1.44% to US$13.02 as Brazilian assets weakened and Rio Tinto and BHP also fell, according to RT.
Why does this wrap not show an iron ore price?
We could not confirm an iron ore price for Thursday, so we show miner shares as proxies.
How did Brazil’s market do?
The Ibovespa fell 1.06% and the commercial dollar rose 1.17% to R$5.087.
Which other miners fell?
Rio Tinto fell 1.14%, BHP 0.43% and Cleveland-Cliffs 3.42%.
Market data: RT/RT; Brazil context: Trading Economics.
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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