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Vale Loses 5% Following Production Report, Iron Ore Output Falls Short Of Expectations
Thursday, February 18, 2016 - 11:58am | 233Shares of Vale SA (ADR) (NYSE: VALE) were trading lower by more than 5 percent on Thursday after the company released its fourth quarter and full year fiscal 2015 production metrics. Vale said its iron ore output rose 2.9 percent from a year ago to 85.4 metric tons but fell short of the 88.3...