RTNTF - Still Bearish On Iron Ore, But Vale Looks Too Cheap To Ignore
2025-06-29 05:26:44 ET
I am not the biggest fan of Vale ( VALE ) for a few reasons. In my last analysis , a few months ago, I highlighted that the excessive dependence on iron ore was a concern, and that the valuation gap was not that attractive. However, VALE3 (stock traded in Brazil) has fallen almost 8% since then, but in dollar terms, this was -2.6%....
Still Bearish On Iron Ore, But Vale Looks Too Cheap To Ignore