Dallas, Texas 12/23/2013 (FINANCIALSTRENDS) – Currently Vale SA (ADR) (NYSE:VALE) which is a leading global mining and Metals Company is going through troubled times. The company which produces different range of products such as pellets, iron ore, nickel, copper, magnesium, potash, bauxite and many other such commodities. The reason why Vale SA is sailing through troubled times is because of the depressed prices of certain materials that are mentioned above. The prices of all these materials were at a life time high in 2008 before the financial crisis happened and took its toll on the metal companies like Vale SA.
The current share price of Vale SA is around $14.67. The 52 week high of this share was $21.88 and it was trading at $43 per share in 2008. Many investment firms are of view that the demand for metals is poised for a pick up in the near term future and hence they are quite bullish about the Vale SA. Moreover the demand from China is also seen as a major growth driver in the future to come.
Overview of the Vale SA (ADR) (NYSE:VALE)
Vale SA (ADR) (NYSE:VALE) is considered as one of the biggest iron ore producer and the second largest nickel producer. The company recently had its annual meeting in New York and during the annual meeting the company talked about the milestones that it has achieved in 2013. Some of those milestones were cost reductions, tax litigation, asset liquidation and environmental clearances.
With all these milestones being achieved the company seems to be quite bullish about the future growth and the company’s top management is planning to achieve more such milestones in the coming future. The company is also planning to diversify its portfolio and is prioritizing its capital allocation and cost competitiveness for a healthy balance sheet and better revenue growth.