Forecast Of The Day: Vale’s Average Realized Iron Ore Price Per Ton
Trefis expects Vale’s (NYSE:VALE) average realized iron ore price per ton to increase from around $107 per ton in 2020 to about $129 in 2021, although we expect it to fall slightly to $119 in 2022.
Iron ore prices have soared through the post-Covid-19 re-opening, with demand from countries such as China surging.
Vale stock has outperformed, rising by about 30% year-to-date, along with surging iron ore prices. However, we think that the stock is fully priced at current levels of around $22 per share.
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