Zacks.com users have recently been watching VALE S.A. (VALE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Investors need to pay close attention to Vale (VALE) stock based on the movements in the options market lately.
SAO PAULO (Reuters) -Brazilian miner Vale SA said on Friday it has signed a long-term deal with Tesla Inc to supply the U.S.-based electric vehicle maker with nickel from its Canadian operations. Vale did not provide financial details on the deal and did not say how long it will last. The Brazilian miner said in a securities filing that the agreement involves supplying Tesla with low-carbon Class 1 nickel and is in line with its strategy of increasing its exposure to the electric vehicle industry.