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Vale Q2 profit down on weak prices from iron glut

Jeffrey Richmond | July 31, 2014 | 8:07 pm Base Metals Energy Precious Metals Top Companies Africa Latin America Coal Copper Iron Ore Platinum Silver 

Brazil's Vale (NYSE:VALE) on Thursday reported a smaller than expected second-quarter profit amid falling iron-ore prices. The world's biggest producer of the steel ingredient posted Q2 net income of $1.4 billion, down from $2.5 billion the previous quarter but up...

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