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Brazil’s Vale fourth-quarter profit falls to $2.4 billion

By Thomson Reuters Feb 22, 2024 | 5:18 PM

SAO PAULO (Reuters) – Brazilian miner Vale reported on Thursday a $2.42 billion net profit for the fourth quarter, down from the $3.72 billion reported in the year earlier period.

Analysts polled by LSEG were expecting $4.15 billion.

(Reporting by Andre Romani and Peter Frontini; Editing by Anthony Esposito)