Vale: Rising Iron Ore Prices A Boon, But Momentum Challenges Persist

temizyurek Resource commodity prices have been extremely strong so far in 2024. Much of the attention has been focused on base and industrial metals, like copper, but iron ore has rebounded from a tough start to the year. Perhaps the most highly correlated stock to iron ore is the Brazil-based Vale S.A. (NYSE:VALE) Among the most risk-on and highly risky emerging-market stocks, shares are priced very cheaply while its technical chart shows a clear pattern that investors should monitor. I have a hold rating ...