What kind of company is Vale?

Vale is the world’s largest producer of iron ore, pellets, and nickel. Our trains transport more than one million passengers on Vitoria-Minas railroad and Carajás railroad every year. Our global workforce comprises around 120,000 direct and third-party employees. 54% of the energy consumed at Vale is self-generated.

Where are Vale mines located?

Toronto. Toronto is home to Vale’s base metal headquarters, our technology development team, and our shared services organization. Learn more about our Toronto operation.

Does Tesla buy Vale?

Vale is on Tesla’s list of direct battery material suppliers included in the 2021 Impact Report; the mining giant confirmed the deal. Tesla has released a list of its direct battery material suppliers, confirming reports from earlier this year of a long-term deal with Brazil’s mining giant Vale in the process.

Does Vale pay a dividend?

How much is VALE SA’s dividend? VALE pays a dividend of $2.70 per share. VALE’s annual dividend yield is 16.14%. VALE SA’s dividend is higher than the US industry average of 6.28%, and it is higher than the US market average of 3.5%.

Did Vale make a deal with Tesla?

Tesla, the world’s largest EV manufacturer, signed the multi-year supply deal with Vale for nickel from Canada, Bloomberg reported. Sudbury, of course, is a major source of nickel for Vale.

Who owns Vale mine in Sudbury?

In October 2006, Inco was purchased by the Brazilian mining company Vale for $19.4 billion. The company is now a fully owned subsidiary called Vale Canada Limited; it is based in Toronto and is responsible for Vale’s base metal mining operations worldwide.

Is VALE undervalued?

At the current price of $15 dollars Vale looks very undervalued. With a 15% dividend yield and strong growth rates, Vale is a very strong pick moving forward.

Should you invest in VALE?

So, if you are looking for a decent pick in a strong industry, consider Vale. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.