Vale SA (ADR) (NYSE:VALE) is cutting costs efficiently and maintaining its low leverage with net debt to EBITDA at 1.3.

TMR: Given the copper shortage, will senior companies like Teck Resources Ltd. (TCK:NYSE; TCK.A:TSX) and Vale S.A. (VALE:NYSE) go looking for new deposits or do you see more merger and acquisition activity?

Today in pre-market trading session, Shares of Ford Motor Company (NYSE:F) are up 0.38 percent to $13.38. With efforts to reduce costs and expenses, Vale SA (ADR) (NYSE:VALE) posted a higher-than-expected result, but in line with market consensus.

Vale SA (ADR)(NYSE:VALE) shares dropped 1.90% to $16.01. The company, on April 24, said that first quarter net profit fell 18 percent from a year earlier, beating expectations.

Vale SA (ADR)(NYSE:VALE) has been associated with uncertainties to for quite a few months. The company sees a relief though.

Vale SA (ADR)(NYSE:VALE)'s second quarter profit fell 18 percent in the first quarter due to lower sales and impact from higher taxes and currency fluctuations.

Vale SA (ADR)(NYSE:VALE) shares dropped 2.02% to $16.99. The company, on April 24, said that first quarter net profit fell 18 percent from a year earlier, beating expectations.

... issues a special report on Vale SA (ADR) (NYSE:VALE), Molycorp Inc (NYSE:MCP), Cliffs Natural Resources Inc (NYSE:CLF), Alpha Natural Resources, Inc. (NYSE:ANR).

Vale SA (ADR) (NYSE:VALE) stock hit highest price at $16.39, beginning with a price of $16.24 and reported a gain of +1.44% to the closed at $16.24 with a day range of $16.01-$16.39.

The Bank of New York index of ADRs fell 0.8% to 141.73. Mining shares slumped. Brazilian mining company Vale SA (VALE, VALE5.