Vale (VALE +0.6%) is enjoying its biggest rally in more than a year - up 17% this month - on speculation rebounding commodities will boost profit and help it get a better deal for unwanted assets. Vale is retreating to its core iron ore business in a bid to halt six straight declines in quarterly profit, and a 56% surge in iron ore prices gives it some breathing room to shop non-core assets for the best price.
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