INSUBCONTINENT EXCLUSIVE:
In recent days, major Brazilian banks have reaffirmed their buy recommendations for Vale (VALE3) shares
R$57.57 as of Monday, September 23rd
Vale emphasized its efforts to enhance operational safety, asset reliability, and overall excellence.Banks Remain Confident in Vale Despite
Amid Economic UncertaintyThis approach includes prioritizing dividends according to the current shareholder remuneration policy
particularly in the steel sector
Analysts expect Vale to maintain healthy operational performance in the coming quarters, especially in iron ore.They also believe a
potential settlement regarding the Mariana disaster could benefit the stock
