The company's head of iron ore added that the iron ore market is likely to find a balance between supply and demand in the next year or two.
In 2015, Vale plans to invest approximately $10 billion in project execution and maintenance of existing operations.
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Brazil-based Vale is a metals and mining company operating in four segments; bulk material, basic metals,fertilizers, and logistic services.
Separately, TheStreet Ratings team rates VALE SA as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate VALE SA (VALE) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: