Nickel drags Vale’s revenue down 4.6% in qtr.

Aug 09, 2013 | 11:12 AM | Carolina Guerra

Tags  Vale, base metals, nickel, copper, quarterly results, Carolina Guerra

SÃO PAULO — Vale SA’s base metals division saw revenue drop 4.6 percent in the second quarter on reduced income from its nickel business.

The Brazilian miner’s operating revenue for base metals totaled $1.69 billion in the second quarter vs. $1.78 billion in the corresponding period last year, although the division’s earnings increased year on year.....

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