Almost one year to the day, Vale shares recovered all the ground they lost following the deadly dam break that weighed on global iron-ore supplies and led to an international backlash.
The stock on Tuesday traded as high as 56.35 reais, up 1.9% on the day and topping the 56.15 real close on Jan. 24, 2019, the day before the Brumadinho dam collapse buried a Brazilian village and killed more than 250 people. Vale lost a quarter of its value in the trading session following the disaster, its second dam break in a little more than three years, which also led to fines, a dividend suspension, and possibly criminal charges.