Vale SA reported a net income of $2.77 billion in Q2 2024, up significantly from $892 million in Q2 2023. Net operating revenue increased to $9.92 billion from $9.67 billion year-over-year. The company's adjusted EBITDA remained stable at $3.99 billion.The Iron Solutions segment generated EBITDA of $3.89 billion, while Energy Transition Metals contributed $407 million. Notable transactions included completing the sale of a 10% stake in Vale Base Metals Limited for $2.46 billion and divesting PT Vale Indonesia Tbk stake, resulting in a $1.06 billion gain.The Board of Directors approved a shareholder remuneration of $1.61 billion to be paid in September 2024. The company's net debt decreased to $8.59 billion as of June 30, 2024, from $9.56 billion at the end of 2023, reflecting strong cash generation and strategic divestments.

Vale SA reported a net income of $2.77 billion in Q2 2024, up significantly from $892 million in Q2 2023. Net operating revenue increased to $9.92 billion from $9.67 billion year-over-year. The company's adjusted EBITDA remained stable at $3.99 billion.The Iron Solutions segment generated EBITDA of $3.89 billion, while Energy Transition Metals contributed $407 million. Notable transactions included completing the sale of a 10% stake in Vale Base Metals Limited for $2.46 billion and divesting PT Vale Indonesia Tbk stake, resulting in a $1.06 billion gain.The Board of Directors approved a shareholder remuneration of $1.61 billion to be paid in September 2024. The company's net debt decreased to $8.59 billion as of June 30, 2024, from $9.56 billion at the end of 2023, reflecting strong cash generation and strategic divestments.