Vale SA (VALE)

[nygrande]

Vale to Benefit From Ramp-Up of Production, Rising Metals Price -- Market Talk
1:46 PM ET 4/30/20 | Dow Jones


13:46 ET - Brazilian iron-ore mining giant Vale SA should benefit as it ramps up production that had been shut down in the aftermath of the Brumadinho dam disaster, as the financial overhang of that tragedy diminishes and on higher copper and nickel prices after this year, according to Christopher LaFemina, an analyst at Jefferies. Near-term risks are high because of the coronavirus crisis and its effects on the world economy, but after a short-term decline in the price of iron ore because of higher output from Vale and other miners, the price should start to get more support later in the year as the economy improves, LaFemina says. Vale reported a decline in iron-ore output in 1Q because of bad weather and unscheduled maintenance. ([e-mail])

> Dow Jones Newswires

April 30, 2020 13:46 ET (17:46 GMT)

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