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An announcement from Vale SA ( (VALE) ) is now available.
In 2024, Vale S.A. reported a decrease in net income to US$5,975 million from US$8,105 million in 2023, primarily due to lower average realized prices of iron ore fines and pellets. The company’s net operating revenue fell by 8.9% to US$38,056 million, impacted by a 7.8% drop in iron ore prices. Despite these challenges, Vale saw increased sales volumes and benefited from gains on divestments in PT Vale Indonesia Tbk and Vale Oman Distribution Center. The company’s focus on decarbonization and environmental innovation projects led to a rise in research and development expenses.
More about Vale SA
Vale S.A. is a leading global mining company based in Brazil, primarily engaged in the production of iron ore and pellets, nickel, and other minerals. The company is a significant player in the metals and mining industry, with a strong market presence in Asia, particularly China, as well as in Europe and the Americas.
YTD Price Performance: 13.85%
Average Trading Volume: 33,879,259
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $43.34B
See more insights into VALE stock on TipRanks’ Stock Analysis page.
