Vale SA ADR
VALE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >$ | LOCK|Hp | LOCK|Z>p |
Increasing Vale's FVE by 5% Driven by Stronger Higher Iron Ore and Copper 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.
