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Vale SA (ADR) (NYSE:VALE) Stock Hits New 52-Week High As Copper Prices Set A New Four Year High.


Vale SA (ADR) (NYSE:VALE) Stock set a new 52-week high today after hitting $12.20, ending the trading session at $12.18. Mainly due to copper prices having recorded gains for the last 10 trading days, currently trading near a four year high at $3.28 a pound or $7,312.50 a ton. Copper last seen those prices in Jan. 2014. If this copper rally continues, that is good news for VALE Stock. A 1 trillion dollar infrastructure bill coming from Washington DC in 2018 paired with China's continued strong growth are just a couple of reasons why copper prices should remain strong.