Industry News

Vale 2Q Profit Drops Again on Lower Prices

Views : 192
Update time : 2023-07-28 17:59:46

Brazilian iron-ore mining company Vale profit fell for a sixth consecutive quarter as an uptick in sales by volume failed to offset a drop in iron prices.

The Rio de Janeiro-based company reported net income from continuing operations of $892 million for the second quarter, down from $4.09 billion in the same quarter last year

Related News
Read More >>
Taiwan launches AD sunset review on Chinese aluminum foil Taiwan launches AD sunset review on Chinese aluminum foil
Feb .09.2026
Taiwan launches AD sunset review on Chinese aluminum foil
ArcelorMittal begins mining operations in Argentina ArcelorMittal begins mining operations in Argentina
Feb .09.2026
ArcelorMittal begins mining operations in Argentina
LME nickel prices bounce back despite second weekly loss LME nickel prices bounce back despite second weekly loss
Feb .09.2026
LME nickel prices bounce back despite second weekly loss
Walsin Lihwa reports Jan revenue drop but maintains positive forecast Walsin Lihwa reports Jan revenue drop but maintains positive forecast
Feb .09.2026
Walsin Lihwa reports Jan revenue drop but maintains positive forecast