10 Best Mineral Stocks to Buy Right Now

4. Vale S.A. (NYSE:VALE)

Number of Hedge Fund Holders: 34

Vale S.A. (NYSE:VALE) is a Brazil-based company that is engaged in the production of iron ore, iron ore pellets, nickel, and copper. The company primarily focuses on high-quality iron ore and essential metals for electrification through its Iron Solutions and Energy Transition Materials segments.

In Q4 ended December 31, 2024, Vale S.A. (NYSE:VALE)’s iron ore production declined by 4.6% year-over-year to 85 million tons. This decline resulted from the company’s shift toward higher-margin products. However, the record output of 83 million tons from the company’s S11D iron ore mine brought full-year production up to 328 million tons. This production volume was the highest for the company since 2018. Sales followed a similar pattern, with a 10% decline in the fourth quarter and a 2% increase for the full year. Copper production exceeded guidance, reaching 345,000 metric tons, up 6.6% year-over-year, while similar to iron ore, nickel output aligned with expectations at 160,000 metric tons.

In February 2025, Vale S.A. (NYSE:VALE) acquired full control of the Baovale iron ore project further solidifying its iron ore asset base. The company paid $23.4 million for a 50% stake in the Agua Limpa mine, but the transaction is pending regulatory approval from Brazil’s CADE.

With a solid iron ore asset base, Vale S.A. (NYSE:VALE) projects iron ore production of 325 to 335 million tons during 2025. Iron pellet production is forecast to range from 38 to 42 million tons, while the production outlook for copper stands between 340,000 and 370,000 metric tons. The company is also working to reduce costs through operational efficiencies. With its high-quality iron ore portfolio, focus on premium products, and cost-efficiency initiatives, Vale is set to remain one of the top players in the global mining industry.