Vale (VALE) has just released its third-quarter production update. The stock has been highly volatile ever since the Brumadinho catastrophe happened in January, while the iron ore prices have been heavily impacted by Vale production shutdowns. In this light, Vale production numbers are interesting not only to traders and investors in Vale stock but also those interested in major iron ore miners like BHP (BHP) or Rio Tinto (RIO).
Source: Vale 3Q production report
Vale’s iron ore production increased by 35% compared to second-quarter numbers. In this light, iron ore’s fall