Vale stock price slips premarket after courts reject 2.846 bln-real asset-freeze bids
Vale’s U.S.-listed shares fell 0.8% to $16.66 premarket after Brazilian courts rejected most asset-freeze requests tied to January overflows at its sites. One 200 million reais freeze request remains pending, while operations at Fábrica and Viga units stay suspended. Investors await Vale’s quarterly results due Feb. 12. Iron ore futures in Singapore edged up 0.5% to $100.4 a ton.