Previous close | 10.70 |
Open | 10.69 |
Bid | 10.60 x 120000 |
Ask | 10.93 x 120000 |
Day's range | 10.65 - 10.77 |
52-week range | 10.52 - 14.41 |
Volume | |
Avg. volume | 4,690 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Imports of iron ore by China, the world's biggest buyer, in 2024 are expected to be around 1.170 to 1.180 billion metric tons, similar to last year's 1.18 billion tons, a senior official of miner Vale said on Wednesday. "In the near term, we are still seeing strong resilience in the Chinese economy, although the property market is slowing down in the next few years," Eduardo Mello Franco, marketing manager for pricing at Brazilian mining company Vale told an industry conference in Singapore. "We see infrastructure for instance is still growing strongly in China," he said, adding that manufacturing is also "performing pretty well in China".
Vale, one of the world's largest iron ore producers, reported a $2.42 billion net profit for the quarter ended in December, compared to $4.15 billion expected by analysts polled by LSEG. Vale's bottom line took a hit from $1.2 billion tacked on to its provision related to the 2015 collapse of a tailings dam, which caused a giant mudslide that killed 19 people and severely polluted the Rio Doce river. BHP, Vale's partner in the Samarco joint venture that owned the dam, said last week it would record another $3.2 billion impairment related to the case.
SAO PAULO (Reuters) -A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6 billion reais ($9.67 billion) in damages for a 2015 tailings dam burst, according to a legal decision on Thursday seen by Reuters. Vale and BHP said in separate statements they were not informed by the judiciary about the decision. Samarco declined to comment.