Vale Sheds Nearly $1.3 Billion in Market Value as Investors Eye Crucial Q2 Report

On the Brazilian stock market, Vale’s shares plummeted, becoming the second-largest drop in the Ibovespa index. Investors are tensely awaiting the company’s Q2 2024 production and sales report, due out after Tuesday’s market close. Vale suffered a sharp R$6.76 billion (approx. $1.24 billion) decline in market value. This downturn links directly to a slump in […]