Saudi Arabia Targets Control of Alba to Bolster Metals Ambitions [BNN Bloomberg (Canada)]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm
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Source: BNN Bloomberg
State-controlled Saudi Arabian Mining Co., known as Maaden, announced a series of deals this week involving Aluminium Bahrain B.S.C., or Alba. When those deals close, the Saudi company “hopes to be a majority shareholder in Alba,” Maaden Chief Executive Officer Bob Wilt said in an interview in Riyadh. Saudi Arabia's de facto ruler, Crown Prince Mohammed bin Salman has put metals at the center of his Vision 2030, with Maaden tasked with growing the domestic industry. Maaden is targeting Alba as part of a bet that aluminum will prove crucial to both the energy transition and the oil-rich kingdom's plans to diversify its economy. “I'm very bullish on aluminum,” Wilt said. “The energy transition doesn't happen without aluminum, so if we want to be a critical minerals and processing hub, we've got to control the feedstock.” The deals announced over the past few days include Maaden acquiring a 21% stake in Alba from Saudi Basic Industries Corp. for over $1 billion. Maaden is also set
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- VALE S.A. (VALE) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Vale S.A. (NYSE: VALE) had its price target lowered by analysts at JPMorgan Chase & Co. from $16.50 to $15.00. They now have an "overweight" rating on the stock.MarketBeat
- Vale S.A. (VALE): Hedge Funds Are Bearish On This Affordable Stock Under $40 [Yahoo! Finance]Yahoo! Finance
- Vale S.A. (NYSE: VALE) had its price target lowered by analysts at Morgan Stanley from $16.00 to $15.50. They now have an "overweight" rating on the stock.MarketBeat
- Saudi Arabia Targets Control of Alba to Bolster Metals Ambitions [Financial Post (Toronto, Ontario, Canada)]Financial Post
VALE
Earnings
- 7/26/24 - Beat
VALE
Sec Filings
- 9/27/24 - Form 6-K
- 9/27/24 - Form 6-K
- 9/27/24 - Form 6-K
- VALE's page on the SEC website