Vale S.A. (VALE) - NYSE
  • Wed, Jul. 20, 5:42 PM
    | Wed, Jul. 20, 5:42 PM | 1 Comment
  • Tue, Jul. 12, 9:24 AM
    | Tue, Jul. 12, 9:24 AM
  • Tue, Jun. 28, 11:31 AM
    • Morgan Stanley raises its iron ore outlook for this year and next, saying the top suppliers in Australia are managing the addition of new supply and steel demand in China will remain supported.
    • The firm ups its overall 2016 forecast by 17% to $46/metric ton and its 2017 outlook by 13% to $42, according to its quarterly forecasts, although its revised call of $35/ton for the final three months of this year indicates its view that prices are still expected to drop below last year’s trough.
    • Stanley says it is possible that the two biggest miners in Australia, BHP Billiton (BHP +2.5%) and Rio Tinto (RIO +2.5%), are “adjusting” the addition of new supply to accommodate weaker market conditions.
    • Also: VALE +5.9%, CLF +4.5%.
    | Tue, Jun. 28, 11:31 AM | 4 Comments
  • Wed, Jun. 22, 5:36 PM
    • Top gainers, as of 5.25 p.m.: APOG +7.6%. BKS +5.8%. ESV +4.9%. MLHR +4.5%. VALE +2.5%.
    • Top losers, as of 5.25p.m.: SCS -9.9%. IBN -8.8%. RHT -5.7%. BBBY -4.8%.
    | Wed, Jun. 22, 5:36 PM | 2 Comments
  • Mon, Jun. 20, 9:16 AM
    | Mon, Jun. 20, 9:16 AM | 1 Comment
  • Thu, Jun. 9, 2:02 PM
    | Thu, Jun. 9, 2:02 PM | 2 Comments
  • Wed, Jun. 8, 5:40 PM
    • Top gainers, as of 5.25 p.m.: EAT +6.9%. EVHC +5.1%. NPTN +4.7%. ABM +4.0%. HRB +3.5%.
    • Top losers, as of 5.25p.m.: INSM -20.0%. RH -18.4%. PSG -13.5%. THM -8.0%. VALE -4.8%.
    | Wed, Jun. 8, 5:40 PM | 1 Comment
  • Tue, Jun. 7, 5:36 PM
    • Top gainers, as of 5.25 p.m.: PLAY +4.5%. HQY +4.3%. LC +2.1%. ENPH +1.8%. VALE +1.3%.
    • Top losers, as of 5.25p.m.: PAY -28.1%. TTM -11.8%. FLXN -11.1%. DLTH -8.3%. OXM -7.3%.
    | Tue, Jun. 7, 5:36 PM | 6 Comments
  • Fri, Jun. 3, 11:47 AM
    • Vale (VALE +6.7%) CEO Murilo Ferreira is in the cross-hairs of some members of acting Pres. Temer’s Democratic Movement Party, Bloomberg reports.
    • Temer himself is not believed to be among those calling for Ferreira's head, but some members of his administration are said to have considered Vale’s response to last year's tailings dam disaster as tepid in contrast with a more active approach by Australian partners BHP Billiton.
    • Former Vale executives Jose Carlos Martins and Tito Martins are seen as potential CEO replacements.
    • Pedro Parente recently began has new job as CEO of state-run Petrobras; Vale is a private sector company, and politicians and executives associated with Vale’s controlling shareholder group want to at least avoid giving the impression of interfering in its affairs.
    | Fri, Jun. 3, 11:47 AM | 8 Comments
  • Tue, May 24, 5:35 PM
    • Top gainers, as of 5.25 p.m.: VALE +24.4%. CSC +19.2%. NMBL +11.6%. HPE +9.9%. DY +9.8.
    • Top losers, as of 5.25p.m.: TMST -13.8%. NKE -6.2%. QGEN -6.0%. SPWH -4.1%. DBVT -2.1%.
    | Tue, May 24, 5:35 PM | 9 Comments
  • Fri, May 20, 2:30 PM
    • Iron ore stockpiles at Chinese ports have climbed above 100M metric tons, offering further evidence of increased supplies in the world’s top steel consumer that may hurt prices, Bloomberg reports.
    • Port inventories rose 1.6% this week to 100.45M tons, the highest level since March 2015, while expanding 7.9% YTD, and are now large enough to cover more than five weeks’ of imports.
    • Iron ore with 62% content gained 2.7% to $54.89/dry ton today but have tumbled 22% since peaking at more than $70/ton in April, paring the YTD gain to 26%.
    • Goldman Sachs has warned that supply growth will accelerate this year, potentially feeding a glut and driving iron ore as low as $35 during Q4.
    • A BHP Billiton (BHP -1.3%) VP of marketing minerals says port stockpiles in China, which have risen this year even as demand rebounded, may continue to increase through the rest of the year; other relevant tickers include Vale (VALE -2.5%) and Rio Tinto (RIO -1.6%).
    | Fri, May 20, 2:30 PM | 18 Comments
  • Tue, May 17, 11:48 AM
    • Brazil's new Environment Minister says he will not allow the reopening of the Samarco iron ore mine without assurances that the causes and damages of last year's deadly tailings dam collapse were fixed.
    • The mine, a 50-50 joint venture between Brazil's Vale (VALE +5.6%) and Australia's BHP Billiton (BHP +3.8%), still needs to secure the necessary permits to resume operations.
    • Samarco, Vale, BHP and the Brazilian government, including the environment ministry, signed a 20B real ($5.71B) accord in March to clean up the disaster area and compensate victims, and government and company officials said the mine could reopen by the end of the year.
    | Tue, May 17, 11:48 AM | 4 Comments
  • Wed, May 11, 5:35 PM
    • Top gainers, as of 5.25 p.m.: JACK +9.4%. VALE +4.5%. LCI +4.0%. BHP +3.5%. WB +2.3%.
    • Top losers, as of 5.25p.m.: TERP -8.1%. JD -7.9%. DAL -6.4%. SINA -4.5%. LOXO -4.5%.
    | Wed, May 11, 5:35 PM | 3 Comments
  • Mon, May 9, 9:14 AM
    | Mon, May 9, 9:14 AM
  • Fri, May 6, 9:53 AM
    • The Brazilian prosecutors’ argument linking the Samarco disaster to the BP oil spill does not hold up, and Brazil does not have the same stranglehold on Vale (VALE +3%) and BHP Billiton (BHP +0.1%) as the U.S. had on BP, Bernstein analyst Paul Gait says.
    • Investors were surprised this week by the $44B damages claim over last year's deadly tailings dam collapse at the Samarco mine because BHP and Vale reached agreement on a much smaller settlement in March, but Gait believes those worries are overdone.
    • For example: The U.S. could have banned BP from the domestic oil market, as BP’s sales to U.S. consumers accounted for a third of company revenue, but Vale’s sales to Brazilian customers account for 7.5% of revenue and BHP’s domestic sales only 1.6%.
    • Now read Vale: Crippling debt but modest potential
    | Fri, May 6, 9:53 AM | 23 Comments
  • Wed, May 4, 9:19 AM
    • BHP Billiton (NYSE:BHP) -5.6% and Vale (NYSE:VALE) -5.3% premarket after Brazilian prosecutors reveal their $43B claim for damages related to the November tailings dam burst, considered the country ’s worst ever environmental disaster.
    • The damages claim has been based on the clean-up costs of BP’s Deepwater Horizon accident in the U.S., as “preliminary studies show the human, economic and socio-environmental impacts of the collapse of the dam are, at least, equivalent to those verified in the Gulf of Mexico," the prosecutors say.
    • BHP says it had not yet received any formal notice of the legal claim but “remains committed to helping Samarco to rebuild the community and restore the environment affected by the failure of the dam."
    • Brazilian prosecutors have a reputation for demanding very high compensation payments, although settlements sometimes are reached for a much lower cost, as happened with Chevron in 2011 over an oil spill off the coast of Rio de Janeiro.
    | Wed, May 4, 9:19 AM | 3 Comments
Company Description
Vale SA engages in the production and export of iron ore, pellets, manganese, and iron alloys, which are raw materials needed for steelmaking. It operates through the following segments: Bulk Materials, Base Metals, Fertilizers and Others. The Bulk Materials segment includes the extraction of... More
Industry: Steel & Iron
Country: Brazil