Morningstar
•
Apr 30, 2026
Vale S.A.: Vale Earnings: Solid, but Near-Term Cost Headwinds the Focus
Symbols
VALESector(s)
Basic Materials
Rating
Current Price
16.18
Fair Value
Economic Moat
Stewardship
Summary
Vale is a large global miner and the world’s largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by its iron ore business. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in conc
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