UBS Downgrades Vale: Iron Ore Market Uncertainty Clouds Mining Giants Outlook

UBS analysts have shifted their stance on Vale, the Brazilian mining powerhouse. They downgraded their recommendation for Vale’s American Depositary Receipts from “Buy” to “Neutral”. The price target also saw a reduction from $14 to $11.50. This change reflects growing concerns about the iron ore market’s medium-term prospects. Vale has made notable progress in 2024. […]

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