Vale S.A. (VALE) reported strong Q2 production results, with iron ore production up 4% YoY at 83.6 Mt, copper output hitting 92.6 kt, and nickel reaching 40.3 kt. The company also achieved full compliance with Brazil’s Corporate Governance Code and adopted the ISSB sustainability standard, positioning it for long-term growth.

Despite operational momentum and governance leadership, Scotiabank reduced Vale S.A.’s price target from $13.00 to $12.50 due to softness in global steel demand. As the largest global producer of iron ore, nickel, and copper, VALE is included in the best potash stocks list, showcasing its potential for long-term growth.

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Read more at Yahoo Finance: Vale S.A. (VALE) Releases Q2 Strong Production Results; Scotiabank Reduces PT