Vale stock slips before the U.S. open as Scotiabank flags iron ore glut risk
Vale’s U.S. shares fell 1.3% premarket to $14.07 after Scotiabank downgraded the stock, citing expected declines in iron ore prices. Iron ore port inventories in China reached 162.7 million tons, near a record. Vale paid its first 2026 dividend installment on Jan. 7, with U.S. ADR payments set for Jan. 14. Investors await Vale’s 2025 results on Feb. 12.