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(Bloomberg) -- Vale SA is plowing ahead with a $2.7 billion investment to expand iron output in Brazil’s Amazon, betting demand for high-grade ore will stay strong in an overall softer market.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderDebt-Limit Talks Resume After Optimism Curbed by GOP Walk-OutStock Market Keeps Rallying, Defying Doom ScenariosZelenskiy Meets With India’s Modi on Sidelines of G-7 SummitMcCarthy Puts Debt-Limit Talks on ‘Pause’ as Clo
Recently, Zacks.com users have been paying close attention to VALE S.A. (VALE). This makes it worthwhile to examine what the stock has in store.
Investors need to pay close attention to Vale (VALE) stock based on the movements in the options market lately.
Vale (VALE) reports a year-over-year decline in first-quarter 2023 earnings primarily due to lower iron ore prices and volumes.
VALE S.A. (VALE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Vale's (VALE) first-quarter 2023 results are likely to reflect the impact of lower iron ore sales volume and prices, as well as higher diesel and freight costs.
VALE S.A. (VALE) closed at $15.77 in the latest trading session, marking a +0.57% move from the prior day.
(Reuters) -Teck Resources Ltd has been approached by Vale SA, Anglo American Plc and Freeport-McMoRan Inc among others to explore deals for its base metals business if the Canadian copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. The approaches from more than six mining companies interested in transactions if Teck spins off its coal business come as the Vancouver-based miner is fending off an unsolicited takeover offer from Glencore Plc. On Sunday, former chairman Norman Keevil, whose family controls Teck through its dominant ownership of the company's 'A' class of shares, said Glencore's proposal was "the wrong one, as well as at the wrong time" and the split should go ahead.
Teck Resources Ltd has been approached by a unit of Vale SA, Anglo American Plc and Freeport-McMoRan Inc to explore deals if a planned split of the company happens, The Globe and Mail reported on Sunday, citing two sources familiar with the discussions. A vote on Teck's plan to fully separate the copper and zinc business Teck Metals from the steelmaking coal Elk Valley business is scheduled on April 26. These approaches from international miners come as the Vancouver-based miner is fending off unsolicited bids from Glencore Plc that would involve combining and spinning off the thermal and steelmaking coal businesses of both companies.
In the latest trading session, VALE S.A. (VALE) closed at $16.24, marking a -1.1% move from the previous day.
VALE S.A. (VALE) closed the most recent trading day at $15.10, moving -0.53% from the previous trading session.
Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. Securities and Exchange Commission said on Tuesday. The U.S. regulator sued Vale in April, alleging the company manipulated dam safety audits, obtained fraudulent stability certificates and misled local governments, communities and investors with its environmental, social and governance (ESG) disclosures. A Vale dam in the Brazilian town of Brumadinho burst in January 2019, unleashing a river of toxic mining waste that crushed a dining hall and destroyed parts of the nearby countryside.
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In the latest trading session, VALE S.A. (VALE) closed at $15.54, marking a -1.15% move from the previous day.
VALE S.A. (VALE) closed at $15.59 in the latest trading session, marking a +1.1% move from the prior day.
In the latest trading session, VALE S.A. (VALE) closed at $16.47, marking a -1.5% move from the previous day.
Brazilian miner Vale SA on Monday said its production of high-grade iron ore agglomerates is expected to increase in coming years as it sees the average premium for better quality rising in a tightening market. Vale said in a presentation to analysts its output of high-grade agglomerates is set to reach 50 million to 55 million tonnes in 2026, up from 32 million in 2022, before jumping to about 100 million tonnes post-2030. The mining giant noted that segmentation and supply challenges in the global iron ore market were expected to "further widen the quality gap" ahead, helping drive the average premium for higher grades to $8 to $12 per metric ton in 2026 from $7 last year.
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Vale (VALE) reports a year-over-year decline in fourth-quarter 2022 earnings primarily due to lower iron ore prices.
Vale's (VALE) fourth-quarter 2022 results are likely to reflect the impact of lower iron ore, copper and nickel prices as well as higher diesel and freight costs.
Vale (VALE) witnesses a 10% sequential decline in iron ore output in Q4 due to higher rainfall. The company provides iron ore production guidance for 2023 at 310-320 million tons.
According to the average brokerage recommendation (ABR), one should invest in VALE S.A. (VALE). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
The company said it produced 80.85 million tonnes of iron ore during the last three months of 2022, sending its annual output to 307.8 million tonnes, slightly below its 310 million tonne forecast. Vale blamed seasonally higher rainfall levels in its mines in Brazil for missing its forecast, as well as slower licensing processes in its Northern System. Sales volumes of iron ore, a key material for making steel, fell 0.7% in the quarter, but still came in 24.2% above the previous three months, the company said.
VALE S.A. (VALE) closed at $18.51 in the latest trading session, marking a -0.8% move from the prior day.