- Vale remains heavily exposed to China's demand and political developments as the country accounted for nearly 53% of the company's net operating revenues in 2021.
- Iron ore prices may have peaked, and it is reasonable to expect the commodity's price to trade sideways before easing after the construction season.
- The company has richly rewarded its shareholders, and VALE remains cheap at current prices, offering a fat dividend yield and a reasonable margin of safety. However, any unexpected pullback below $15 levels will qualify the stock with a strong buy rating.
For further details see:
Vale: It's Not Over Yet