RIO DE JANEIRO, BRAZIL - Brazilian mining company Vale S.A., the largest producer of iron ore and nickel in the world, recorded a net income of US$7.586 billion in the second quarter, up from US$995 million a year earlier, with a strong rise in iron ore prices amid firm demand from China, according to the company's financial report published on Wednesday (28).
The result, which was close to analysts' estimate of US$7.67 billion, according to Refinitiv data, also grew from the prior quarter, when the company reported US$5.546 billion net income.
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