Vale: A Cautious Hold Amid New CEO And Rising Iron Ore Prices

A BOOK THE PERSONAL PROPERTY T P th the first 47 I 417 H Maksym Isachenko Investment Thesis The share price of Vale S.A. (NYSE:VALE), the world's largest iron ore producer, is down 30% year to date, from about $15.70 to$10.89 as of August 27. Declining iron ore prices, from which more than 80 percent of Vale's revenues derive, amid uncertainty regarding future Chinese demand, have contributed to this fall. Additionally, a lengthy leadership battle, which included attempts by the government to intervene, ha ...