Forbes reports a price estimate for Vale (NYSE:VALE,SAO:VALE5) at $42, which is roughly 30% ahead of market price.
The market news is quoted as saying,
Nickel is the second most important division for Vale. Vale conducts its nickel operations primarily through its wholly owned subsidiary Vale Inco. Vale Inco operates two nickel production systems, one in North America and Europe and the other in Asia and the South Pacific.Vale Inco was formed following the acquisition of Inco Limited by Companhia Vale do Rio Doce, formerly called CVRD or Vale for short. Following the acquisition, the combined entity took the name Vale for branding purposes.