5 Best Zinc Stocks to Buy in 2023

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

Number of Hedge Fund Holders: 49

Value of Hedge Fund Holdings: $1,342,299,400

Vale S.A. (NYSE:VALE) is a Rio de Janeiro, Brazil-based mining company.

The company is the operator of the Salobo mine in Brazil, which is primarily a copper-gold mine but also yields zinc concentrates as a by-product. Additionally, Vale S.A.’s (NYSE:VALE) Sudbury nickel operations in Canada also contribute to zinc concentrate production. The company is considering the possibility of separating its base metal business from the iron ore business. By isolating its base metal business, which includes zinc, Vale S.A. (NYSE:VALE) aims to increase the company’s operational efficiency.