Vale S.A.

VALE3

BRVALEACNOR0

Iron & Steel

Delayed Sao Paulo Other stock markets 02:45:40 2024-04-26 pm EDT			5-day change	1st Jan Change
63.1 ^BRL	-0.36%		-0.43%	-18.28%

Apr. 25	Vale Interested in Anglo American Assets But Focused on In-House Options, CEO Says	MT
Apr. 25	Vale S.A CEO Interested in Anglo American Assets But Focused on In-House Growth	MT

Vale Signs Long-Term Contract to Supply Tesla With Low-Carbon Nickel

May 06, 2022 at 10:28 am EDT

By Jeffrey T. Lewis

SAO PAULO--Brazilian mining company Vale SA said Friday it signed a long-term contract to supply electric vehicle maker Tesla Inc. with nickel.

Vale didn't provide any financial details on the agreement. Vale is the world's biggest producer of nickel and iron ore, and the Rio de Janeiro-based miner said it plans to supply Tesla in the U.S. with nickel produced in Canada.

Nickel is a key element used to make the kind of batteries used in most electric vehicles. Vale said the agreement is part of the Brazilian company's plan to increase sales of its low-carbon, high-purity nickel to the electric car market.

Vale in March reached a multi-year agreement to supply nickel to Swedish battery developer and manufacturer Northvolt AB.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

05-06-22 1027ET

Latest news about Vale S.A.

Vale Interested in Anglo American Assets But Focused on In-House Options, CEO Says	Apr. 25	MT
Vale S.A CEO Interested in Anglo American Assets But Focused on In-House Growth	Apr. 25	MT
Transcript : Vale S.A., Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
Vale S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
Vale expects to reach final agreement for Mariana dam reparations in first half of year	Apr. 24	RE
Lower iron, nickel and copper prices weigh on Vale's quarterly earnings	Apr. 24	RE
BHP Maintains Annual Guidance as 3Q Iron-Ore Production Falls 7% -- Update	Apr. 17	DJ
Vale S. A Provides Production Guidance for the Year 2024	Apr. 17	CI
Vale S.A. Announces Sales Results for the First Quarter 2024	Apr. 17	CI
Vale S.A. Announces Production Results for the First Quarter 2024	Apr. 17	CI
Brazil's Vale reports 6% growth in Q1 iron ore output	Apr. 16	RE
Rio Tinto Maintains Annual Guidance After 1Q Iron-Ore Shipments Fall 10%	Apr. 16	DJ
Barclays Raises Price Target on Vale to $17 From $16, Keeps Overweight Rating	Apr. 16	MT
Vale S.A. Announces Committee Changes	Apr. 16	CI
JPMorgan Trims Price Target on Vale to $20 From $20.50, Maintains Overweight Rating	Apr. 12	MT
UBS Lowers Vale's Price Target to $13 From $15, Maintains Neutral Rating	Apr. 09	MT
Vale Calls Detection of Anomalies in Tailing Dam Structure a 'Normal Procedure'	Apr. 05	MT
Sector Update: Energy Stocks Higher in Late Wednesday Afternoon Trading	Mar. 28	MT
Sector Update: Energy Stocks Gain in Thursday Afternoon Trading	Mar. 28	MT
Vale to Acquire Remaining Stake in Alianca Energia for $541 Million	Mar. 28	MT
Vale S.A. agreed to acquire remaining 45% stake in Aliança Geração de Energia S.A. from Cemig Geração e Transmissão S.A. for BRL 2.7 billion.	Mar. 26	CI
Shanghai nickel, tin fall as Indonesia ramps up mining quota approval process	Mar. 20	RE
CERAWEEK-Vale expects nickel market surplus by 2028, executive says	Mar. 19	RE
Vale, Samarco Face $3.8 Billion Lawsuit in the Netherlands Over Mariana Dam Break	Mar. 19	MT
Vale Reportedly Faces $3.8 Billion Lawsuit in Netherlands Over 2015 Mariana Dam Collapse in Brazil	Mar. 19	MT

Chart Vale S.A.

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Company Profile

Vale S.A. is one of the world's leading metallurgy and mining groups. Revenues break down by family of products as follows: - ferrous minerals and metals (80,2%): ferrous minerals (85.1% of revenues; 254 Mt sold in 2020), ferrous mineral granules (13.2%; 31.2 Mt), iron alloys and manganese (0.7%; 1.4 Mt), and other (1%); - non-ferrous minerals and metals (17.9%): nickel, precious metals, and cobalt (69.7% of revenues; 211 Kt of nickel sold) and copper (30.3%; 247 Kt); - coal (1.2%): metallurgical coal (2.9 Mt sold) and thermal coal (3 Mt); - other (0.7%). Revenues are distributed geographically as follows: Brazil (7.3%), the United States (2.6%), Americas (1.5%), China (57.8%), Japan (5.5%), Asia (8.2%), Europe (13.3%) and Middle East/Africa/Oceania (3.8%).

Sector

Iron & Steel

Calendar

09:00am - Annual General Meeting

Related indices

BRAZIL IBOVESPA

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Ratings for Vale S.A.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

12.04 USD

Average target price

14.61 USD

Spread / Average Target

+21.31%

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Company calendar

Sector Iron Ore Mining

	1st Jan change	Capi.
VALE S.A.	-18.28%	51.55B
FORTESCUE LTD	-11.82%	49.54B
NMDC LIMITED	+23.14%	8.88B
KUMBA IRON ORE LIMITED	-25.99%	7.67B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.78B
CSN MINERAÇÃO S.A.	-36.27%	5.26B
NMDC STEEL LIMITED	+29.09%	2.35B
HAINAN MINING CO., LTD.	+9.71%	1.98B
DETERRA ROYALTIES LIMITED	-7.21%	1.71B
HBIS RESOURCES CO., LTD.	+6.96%	1.62B

Iron Ore Mining

Vale S.A.

Equities

VALE3

BRVALEACNOR0

Iron & Steel

Vale Signs Long-Term Contract to Supply Tesla With Low-Carbon Nickel

EPS Revisions