Brazil-based Vale SA (VALE) produces and exports iron ore, pellets, manganese, and iron alloys, which are used as raw materials in steelmaking. It operates through the following segments: Ferrous Minerals, Coal, and Base Metals. The company was founded in 1942. I am bullish on VALE stock. Its one-year losses of approximately 28% make it attractive now, especially as the fundamentals are strong. Vale Business News Vale has announced the sale of its stake in California Steel Industries as “its subsidiary Vale Canada Limited ("VCL") has entered into a binding agreement with Nucor Corporation (“Nucor”) using which VCL will indirectly sell its 50% ownership interest in California Steel Industries (“CSI”).
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