Vale S.A. reported its fourth-quarter earnings for 2024, revealing a net loss of $694 million and a 21% decrease in annual profit to R$31.592 billion. The company experienced a decline in revenues to $10.124 billion, alongside a 9.1 million ton decrease in iron ore shipments year-over-year and a 40% decline in EBITDA to $4.1 billion. Despite these setbacks, Vale announced an extraordinary dividend and a share buyback program, which contributed to a 3% increase in its stock price. The CEO, Gustavo Pimenta, indicated that the company anticipates strong demand for iron ore in 2025 and plans to reduce capital expenditures to enhance operational efficiency. The Brazilian stock index, Ibovespa, saw moderate gains attributed to Vale's performance.