Vale's Q1 Preview: Higher Shipment Volumes To Partially Offset Impact Of Lower Iron Ore Prices

Vale, the world's largest iron ore mining company, will announce its first quarter earnings results and conduct a conference call with analysts on Thursday, April 30. We expect lower iron ore prices in Q1 2015, as compared to the corresponding period of 2014, to negatively impact the company's quarterly results. Vale's adjusted EBITDA margin stood at 24.1% in Q4 2014, as compared to 33.1% in the corresponding period of 2013, primarily due to a fall in iron ore prices. Vale has already released i...