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Vale Net Rises 64% as Iron-Ore Gains Ease Nickel Drop
Cia. Vale do Rio Doce, the world’s biggest iron-ore exporter, said third-quarter net income surged 64 percent as a jump in prices for the steel-making raw material more than made up for a drop in nickel.
Net income rose to $4.82 billion, or 94 cents a share, from $2.94 billion, or 60 cents, a year earlier, [...]
