Vale's net profit declines in Q2 2022

摘要

Brazilian miner Vale posted a net profit of $4.09 billion for the second quarter of 2022, against $4.46 billion achieved in the previous quarter and $8.15 billion achieved in the second quarter of 2021. The decline reflects mainly the lower iron ore fines prices over the period, which were partially compensated by the increased volumes sold in the first half of 2022.