By Rogerio Jelmayer 

SAO PAULO--Brazilian mining giant Vale SA posted a net loss in the first quarter, as low global demand reduced iron-ore prices in the period.

Vale, which is the world's largest iron-ore producer, reported a first-quarter net loss of $3.1 billion, reversing a net profit of $2.5 billion in the first quarter of 2014.

The company's net revenue dropped 34% to $6.24 billion.

Its earnings before interest, taxes, depreciation and amortization, or Ebitda, tumbled 61% in the period to $1.6 billion.

Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com

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