MARKET COMPOSITE
VALE - Vale S.A.8:00:02 PM 4/19/2024
Price
$12.18
+ 0.34 (2.87%)
Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals, Base Metals, and Coal segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services. The Base Metals segment produces and extracts nickel and its by-products, such as copper, gold, silver, cobalt, precious metals, and others. The Coal segment is involved in the extraction of metallurgical and thermal coal; and provides related logistic services. It also offers platinum group metals. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.
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Stock news

    Vale's (VALE) first-quarter results are likely to reflect higher sales volumes for iron ore and copper. However, decreased sales volumes for nickel, lower prices and higher costs are likely to have offset its performance.

    VALE delivers first-quarter iron ore production of around 71 million tons (MT) and reiterates its 2024 iron ore production goal between 310 MT and 320 MT.

    (Bloomberg) -- Vale SA, the Brazilian mining giant, produced more iron ore than expected in its first quarter on better operational performance at its biggest mine.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?China Tells Iran Cooperation Will Last After Attack on IsraelPowell Signals Rate-Cut Delay After Run of Inflation SurprisesRed Lobster Considers Bankruptcy to Deal With Leases and Labor Cost

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    VALE S.A. (VALE) concluded the recent trading session at $12.02, signifying a -1.23% move from its prior day's close.

    In the closing of the recent trading day, VALE S.A. (VALE) stood at $12.50, denoting no change from the preceding trading day.

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    The investment thesis for the mining giant focuses on its competitive advantages, market outlook and inexpensive valuation, along with exciting shareholder remuneration

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