Vale SA ADR
VALE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$17.10 | Cggn | Dsvq |
Vale Sells a Minority Stake in Base Metals Business, but Iron Ore Likely To Remain Earnings Driver
Business Strategy and Outlook
Vale is the world's largest iron ore miner and a key supplier to the global steel industry. It is leveraged to Chinese raw materials demand, which we expect to slow as the country's infrastructure-led investment boom wanes and as recycled steel becomes a growing source of supply.