Pretty much like peers, nickel producer Vale Indonesia (INCO) suffered squeezed margins in the first quarter due to substantial correction of international prices. The company only booked net profit of US$6.2 million in the first quarter (Q1) of 2024, compared to US$168.7 million in the corresponding period of 2023, as operating profit dropped 86.8% year on year (y/y) and revenue fell 37% y/y to US$230 million. To subscribe please click here
