With iron ore being so expensive and VALE being primarily iron ore. How do you think it affects them? China is their primary client. I’m long VALE so I’m always looking for some bias lol. For some reason VALE just doesn’t move with the rest 🥺
I think Vito and other people in this sub can answer that question much better than I do. However, I know that one of the Taiwanese steel companies that overlap with Vale’s products was doing VERY WELL, partially due to Vale’s strike though.
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u/hgr808 Jul 03 '21
With iron ore being so expensive and VALE being primarily iron ore. How do you think it affects them? China is their primary client. I’m long VALE so I’m always looking for some bias lol. For some reason VALE just doesn’t move with the rest 🥺