Forecast Of The Day: Vale’s Average Realized Iron Ore Price Per Ton

+18.45%
Upside
17.32
Market
20.52
Trefis
VALE: VALE logo
VALE
VALE

What?

Vale’s (NYSE:VALE) Average Realized Iron Ore Price Per Ton rose from around $87 in 2019 to $139 in 2021. Trefis expects the metric to decline to about $102 by 2023.

Why?

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While prices surged through the Covid-19 pandemic, amid a supply crunch, we expect a weak global economy to weigh on prices in the near term.

So What?

We value Vale stock at $20.50 per share, which is about 20% ahead of the current market price.

See our complete analysis for Vale

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns Jan 2023
MTD [1]
2023
YTD [1]
2017-23
Total [2]
 VALE Return 1% 1% 124%
 S&P 500 Return -1% -1% 70%
 Trefis Multi-Strategy Portfolio 1% 1% 216%

[1] Month-to-date and year-to-date as of 1/6/2023
[2] Cumulative total returns since the end of 2016

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