+ Watch VALE
on My Watchlist
A leading producer and exporter of iron ore and pellets, Vale has mining operations in 21 countries.
Mining companies are oversold but the sellers are not really thinking things out. China growing "only" 5% per annum? That is still growing and the absolute growth numbers are MORE than 9% eight years ago! These stocks will recover with ore prices and Vale will rebound with its heavy iron and copper deposits. Brazil will continue to see domestic growth which will help as well.
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