|Bid||18.970 x 300|
|Ask||18.980 x 100|
|Day's Range||18.910 - 19.083|
|52 Week Range||15.290 - 19.940|
|PE Ratio (TTM)||24.33|
|Expense Ratio (net)||0.88%|
Vale (VALE) is optimistic about the growing popularity of electric vehicles. Vale’s executive director of base metals, Jennifer Maki, said the market forecast suggests that electric vehicles could represent 7%–20% of the global auto market by 2025, up from 1% in 2017. The company wants to preserve its optionality in nickel ahead of the expected boom in electric vehicles (TSLA).
Strong chart patterns for key commodity-related ETFs suggest that this could be one of the only segments to withstand a continued sell-off.
Is the Sell-Off in US Aluminum Producers Justified? As we noted previously in this series, aluminum prices have seen downward pressure this year. Lower aluminum prices are negative for aluminum producers like Rio Tinto (RIO) and Norsk Hydro (NHYDY).
Can Vale Expect Significant Upside after 4Q17 Results? Vale’s (VALE) base metal (DBB) production, including nickel and copper, was flat to lower in 2017 compared to 2016. Its nickel production fell 7.3% year-over-year (or YoY) to 288,200 tons, which was in line with Vale’s commitment of a smaller nickel footprint.
As we kick off this new year please remember that markets don’t trade in a linear fashion even though 2017, as far as U.S. equities are concerned, in many ways displayed a record amount of linearity with 12 consecutive months of gains for the S&P 500 as represented by the SPDR S&P 500 ETF Trust (NYSEARCA:SPY). Yes keep the broader stock market trends of past years in mind for perspective, but do not let this derail you from respecting price action.
On Vale Day on December 6, 2017, Vale (VALE) pared back its production forecasts for nickel (DBB) for the next five years.
Vale’s base metals production rose in 3Q17, with copper production jumping 16.0% and nickel production climbing 10.2% sequentially.
Alcoa (AA) is an integrated aluminum producer like Rio Tinto (RIO) and Norsk Hydro (NHYDY) and produces alumina and aluminum (DBB).
There's a bewildering rally taking place within the commodities markets, and few on Wall Street are buying it. Base metals, a group that includes everything from copper to zinc to aluminum, have shot higher in 2017 despite a relatively dismal year for the broader commodity market.
At 7:15 AM EST on August 10, the West Texas Intermediate crude oil futures contracts for September 2017 delivery were trading at $49.89 per barrel.
Previously in this series, we’ve looked at China’s July steel exports. In this article, we’ll look at the country’s aluminum exports.
Copper started this week on a stronger note amid China's stronger-than-expected economic data. The weaker dollar supported copper last week.
On July 21, crude oil opened the day lower and traded with weakness in the early hours. The market sentiment is mixed this week amid supply concerns.
Crude oil regained strength last week amid expectations of improved global demand for oil in 2H17. It opened higher on July 18 and traded with strength.