Vale posts 35% fall in Q2 net profit; narrows nickel, copper output outlook-August 2024-www.financetom.com

Vale posts 35% fall in Q2 net profit; narrows nickel, copper output outlook

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Vale posts 35% fall in Q2 net profit; narrows nickel, copper output outlook

Jul 30, 2026 3:23 PM

SAO PAULO, July 30 (Reuters) - Brazilian mining firm Vale

posted on Thursday a 35% decline in its

second-quarter net profit from a year earlier, to $1.38 billion.

In separate filings, the company also announced a new share

buyback program of up to 100 million shares, unveiled dividends

and narrowed the range of its copper and nickel production

estimates for 2026.

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