In its April 2025 filing, Vale S.A. reported a net income of $1.39 billion for Q1 2025, a 17% decrease from the previous year, amidst cost management successes and progress in joint ventures like Alianca Energia. The filing also noted that C1 cash costs fell to $21 per ton, supporting their 2025 cost guidance of $20.5-$22.0 per ton.