Vale company's net profit decreased

The decrease in profits was affected by sales and iron ore prices.

Vale, which was negatively impacted by sales and iron ore prices, saw its net profit decline by 59% compared to the same period of the previous year in the first quarter of 2023, reaching $180 million. This figure was below expectations.

Vale's revenue dropped by 22%

Vale's revenue decreased by 22% to $8.4 billion. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) were $3.6 billion.