Vale's turnover grew 2% year-on-year, climbing to US$18,379 million.

Vale, a Brazilian raw materials producing company, has achieved an attributable net profit of US$ 4,448 million in the first half of the year, which represents an increase in its profits of 63% compared to the same period of the previous year, according to your results report.

Vale's turnover grew 2% year-on-year, climbing to US$18,379 million.

Meanwhile, costs without taking into account depreciation rose 8%, to US$ 10,275 million.

For its part, the gross operating result (Ebitda) contracted 4% compared to the first half of 2023, remaining at US$ 7,431 million, with an Ebitda margin of 40% (3 percentage points less).

Meanwhile, the operating result rose 10% year-on-year, to US$6,323 million.

At the end of the first six months of the year, Vale reached US$2,723 million in investments, 16% more than in the same period of the previous year.

The bulk of this investment was in sustainability projects, which received more than 74% of the total amount, reaching US$ 2,028 million, 16% more in year-on-year terms.

The debt at the end of June fell to US$ 8,590 million, 4% less than on June 30, 2023, when it was US$ 8,908 million.

The company's CEO, Eduardo Bartolomeo, has highlighted Vale's "robust" results "quarter after quarter", with record metal production in the second quarter of this year.