Vale SA (VALE) has released an update.
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Vale S.A. has reported a net income of $2.4 billion for the third quarter of 2024, a decrease from the $2.9 billion recorded in the same period last year. The company’s net operating revenue also saw a decline, amounting to $9.6 billion compared to $10.6 billion in the previous year. Despite the drop in earnings, Vale remains a significant player in the mining sector, continuing to draw interest from investors in the financial markets.
For further insights into VALE stock, check out TipRanks’ Stock Analysis page.
