Vale is trading 4.03% down at $11.90 after Lula’s reelection prompted a selloff in Brazilian assets. - Reports say investors had positioned for a different political outcome, and the Brazilian real weakened as local markets came under heavy pressure. - Vale continued lower from Friday’s $12.40 close; third-quarter results are due October 29. - The broader U.S. market was higher, while Bitcoin and Ethereum’s modest losses were not relevant drivers for Vale.