Miner Vale posts 53% decline in third-quarter net profit

‌Brazilian miner ​Vale, one of ‌the largest iron ore producers in the ‌world, reported on Thursday ‌a 53% decline in its ⁠third-quarter ​net ⁠profit from a year earlier.

Vale ⁠posted a $1.26 billion ​net profit for ⁠the July-September quarter, below ⁠the $1.70 ​billion expected by analysts in ⁠a Visible Alpha poll.