Vale Reports Year-Over-Year Drops of 53% in Net Income and 6% in Iron Ore Output

Vale reported year-over-year declines of 53% in third-quarter net income and 6% in iron ore output, but kept its 2026 production ranges unchanged amid weaker realized prices. At 11:42 a.m. ET (15:42 UTC) Friday, Oct. 30, its U.S.-listed shares traded at $11.41, up 2.06% from Thursday's $11.18 close. Vale released the quarterly results after market close on Oct. 29. For the three months ended Sept. 30, net operating revenue rose 2% from a year earlier to $10.599 billion. Net income attributable to shareholders was $1.255 billion.

Source: TokenPost