Vale Shares Fall 3.3% After Iron Ore Price in China Declines

SÃO PAULO--Brazilian iron-mining giant Vale SA's shares fell 3.3% Monday after the price of iron ore continued to decline in China.

The shares reached 72.32 reais, the equivalent of $14.22, and are down 16% from the end of last year through Thursday's close. Friday was a holiday in Brazil and the country's stock market...