Vale is a Brazil-based mining conglomerate and one of the top metal miners. Nickel is one of Vale’s specialties. The company claims it’s the largest producer of nickel—passing Russia’s Norilsk Nickel which is currently dealing with sanctions related to the invasion of Ukraine.
Vale has a long history as a top supplier, transporter, and refiner of metals such as nickel. For investors looking for exposure to this key ingredient in manufacturing and technology, its stock is worth considering. Vale is a cyclical business, but it generates healthy profit margins that are used to pay a dividend and repurchase stock to boost shareholder value.