Brazil's Vale sees no material impacts from trade war so far

Reuters

Fri, Apr 25, 2025, 8:50 AM 1 min read

SAO PAULO (Reuters) -Brazilian miner Vale said connected Friday that it has truthful acold not seen a worldly interaction from the ongoing planetary commercialized warfare connected its operations and sales, but vowed to support monitoring it intimately amid uncertain marketplace conditions.

Vale is 1 of the world's largest robust ore producers and has a apical lawsuit successful China, which has been locked successful a commercialized quality with the United States pursuing President Donald Trump's sweeping tariffs.

Speaking connected a telephone with analysts aft the institution reported a 17% first-quarter nett net driblet connected little robust ore prices, Vale executives said it was excessively soon to speech astir the commercialized war's interaction connected prices of the cardinal steelmaking ingredient.

Chief Executive Gustavo Pimenta, nonetheless, acknowledged that a imaginable planetary economical slowdown would apt person an interaction connected commodity markets.

Vale besides said that fixed the uncertain marketplace conditions, it was not the close clip to sermon imaginable bonzer dividend payments - a shareholder remuneration signifier it has adopted successful the caller past.

Sao Paulo-traded shares of the mining elephantine slipped astir 2% connected Friday, among the biggest fallers connected Brazil's benchmark banal scale Bovespa, which was astir flat.

(Reporting by Gabriel Araujo and Roberto Samora; Editing by Aurora Ellis)