Vale posts 35% fall in Q2 net profit; narrows nickel, copper output outlook
30/07/2026 22:55
Vale posts 35% fall in Q2 net profit; narrows nickel, copper output outlook SAO PAULO, July 30 (Reuters) - Brazilian mining firm Vale VALE3.SA posted on Thursday a 35% decline in its second-quarter net profit from a year earlier, to $1.38 billion.
In separate filings, the company also announced a new share buyback program of up to 100 million shares, unveiled dividends and narrowed the range of its copper and nickel production estimates for 2026.
(Reporting by Andre Romani; Editing by Chris Reese)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
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