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Here’s a Reason Why Vale Stock is Rising Today

NEW YORK (TheStreet) -- Vale (VALE - Get Report) stock is advancing 3.57% to $5.51 in mid-morning trading Wednesday after reports suggested the Brazilian metals and mining company is looking to expand its fertilizer business by acquiring Anglo American's (NGLOY) niobium and phosphates division in Brazil.

Vale is reportedly partnering with private equity firm Apollo Global Management (APO) to acquire the assets, which could be worth about $1 billion, sources told Reuters.

Vale could gain significant synergies from the deal...