Vale SA ADR
VALE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$65.50 | Xpq | Rfrqy |
Raising Vale's FVE by 4% Driven by Higher Near-Term Iron Ore Prices
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.