| Vale is a diversified mining company and the world’s largest iron ore producer. Though iron ore sales account for a majority of the company’s revenues, Vale also has interests in the mining of base metals, particularly copper and nickel.
Vale is among the world’s largest producers of nickel, and prices of the metal can have a significant impact upon the company’s stock price. Nickel is mainly used in the production of stainless steel. With demand for stainless steel mainly correlated with industrial activity, prices of the metal have suffered due to weakness in Chinese economic growth...............................................Full Article: Source
|