Vale's 2022 Adjusted EBITDA From Continuing Operations Fell 38 Percent Due To Lower Iron Ore Prices

Vale reported on Thursday that adjusted EBITDA from continuing operations in the fourth quarter of 2022 was US $5 billion, up US $1 billion quarter-on-quarter due to higher iron ore sales and higher nickel and copper prices.

Adjusted EBITDA from continuing operations on a pro forma basis was $20.91 billion, 38% lower than 2021, due to a 23.6 percent decline in iron ore prices.

Vale also reported operating free cash flow of $5.7 billion in 2022 and $20 billion in 2021, due to lower ebitDA.