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May 2, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazilian miner Vale SA (Rio de Janeiro) reported a lower income in the first quarter of this year due to lower commodity prices and sales.
Vale reported net income of US$1.87 billion from January through March, about 58% lower than the same time last year and below the US$3.74 billion reported in the previous quarter. The lower income was partly due to a drop in commodity prices and sales.
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