Industry News

Vale 2Q Profit Drops Again on Lower Prices

Views : 96
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 >>
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
Mar .10.2025
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
US employment data falls short of expectations, aluminium ingot continues destocking trend this week US employment data falls short of expectations, aluminium ingot continues destocking trend this week
Mar .10.2025
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
Mar .10.2025
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan
Mar .10.2025
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan