Vale posts 17% drop in Q1 net profit
In the earnings report, Vale said its results were impacted by lower iron ore prices.
The benchmark import price of 62% iron ore fines at China's Tianjin port on Friday dropped $2.70 or 2.3% to $114.20 a tonne. It was the worst one-day decline since mid-August when the steelmaking raw material was trading above $140...
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