Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Vale S.A.
  6. News
  7. Summary
    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Vale S A : Shanghai nickel hits record high on supply concern

10/21/2021 | 12:05am EST

Oct 21 (Reuters) - Nickel prices in Shanghai jumped to a record high on Thursday on supply worry amid falling Chinese imports and unfavourable weather in the Philippines potentially hitting output even as it deals with an already tight inventory level.

The most-traded November nickel contract on the Shanghai Futures Exchange hit a record 161,600 yuan ($25,288.33) a tonne, while three-month nickel on the London Metal Exchange advanced as much as 1.9% to $21,370 a tonne, its highest since May 2014.

China's imports of nickel ore and nickel pig iron fell 1.6% and 12.3%, respectively, on a monthly basis in September, customs data showed.

Meanwhile, output in the Philippines, the biggest supplier of nickel ore to top consumer China, could decline this year due to unfavourable weather, the country's head of nickel association said.

Refined nickel inventories in ShFE warehouses <NI-STX-SGH> have been hovering near a record low for weeks, while LME stocks of the metal <MNISTX-TOTAL> were at their lowest since December 2019 of 92,766 tonnes.

Brazilian miner Vale SA said on Tuesday its nickel output in the third quarter fell 22% year-on-year, mainly due to labour disruptions at its Sudbury mine.

Russian miner Nornickel said on Wednesday its nickel production in January-September fell 23% year-on-year, partly due to temporary suspension at two of its mines, despite a pickup in third-quarter output from the previous three months.

FUNDAMENTALS

* ShFE lead rose 2.4% to 16,090 yuan a tonne at 0325 GMT, tin advanced 3.2% to 294,200 yuan a tonne, copper increased 1.4% to 74,660 yuan a tonne.

* LME copper was up 0.1% to $10,200 a tonne, aluminium advanced 1.4% to $3,113.50 a tonne and zinc rose 1.6% to $3,621 a tonne.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian stocks eked small gains but the upbeat mood that lifted the Dow Jones and bitcoin to records ebbed on fresh worries about China's property sector after an asset sale at embattled developer Evergrande collapsed.

DATA/EVENTS (GMT)

0645 France Business Climate Mfg Oct

1230 US Initial Jobless Clm Weekly

1230 US Philly Fed Business Indx Oct

1400 EU Consumer Confid. Flash Oct

1400 US Existing Home Sales Sept ($1 = 6.3903 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Krishna Chandra Eluri)


ę Reuters 2021
All news about VALE S.A.
11/30VALE S A : innovates by producing sustainable sand which reduces the generation of tailing..
PU
11/30VALE S A : Voisey's Bay Mine awarded Miner of the Year
PU
11/30BofA Securities Adjusts Price Target on Vale SA to $17 From $18, Maintains Neutral Rati..
MT
11/29Vale Trims Full-Year Iron Ore Production Outlook; Capital Spending to Rise Next Year
MT
11/29Brazil's Vale cuts top of forecast 2021 iron ore production range
RE
11/29VALE S A : announces commitment to lift 500,000 people out of extreme poverty by 2030
PU
11/29VALE S A : informs on estimates update
PU
11/29VALE S A : Day 2021
PU
11/29Vale Reportedly Indicted in Brazil Over 2019 Dam Collapse
MT
11/26VALE S A : Extract of the Minutes of the Ordinary Board of Directors Meeting of Vale S.A.
PU
More news
Analyst Recommendations on VALE S.A.
More recommendations
Financials (USD)
Sales 2021 53 831 M - -
Net income 2021 20 719 M - -
Net Debt 2021 541 M - -
P/E ratio 2021 2,81x
Yield 2021 21,8%
Capitalization 60 902 M 60 620 M -
EV / Sales 2021 1,14x
EV / Sales 2022 1,26x
Nbr of Employees 74 316
Free-Float 89,4%
Chart VALE S.A.
Duration : Period :
Vale S.A. Technical Analysis Chart | VALE3 | BRVALEACNOR0 | MarketScreener
Technical analysis trends VALE S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 12,45 $
Average target price 19,80 $
Spread / Average Target 59,0%
EPS Revisions
Managers and Directors
Eduardo De Salles Bartolomeo Chief Executive Officer
JosÚ MaurÝcio Pereira Coelho President & Director
Gustavo Pimenta Executive VP-Finance & Investor Relations
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Independent Director
Sector and Competitors
1st jan.Capi. (M$)
VALE S.A.-20.01%60 620
FORTESCUE METALS GROUP LIMITED-27.40%37 140
KUMBA IRON ORE LIMITED-27.18%9 078
CSN MINERAÇÃO S.A.0.00%5 849
NMDC LIMITED16.48%5 198
FERREXPO PLC2.12%2 246