Seeking Alpha

Vale (VALE +2.5%) is strong after its better-than-expected Q1, driven by lower costs and...

Vale (VALE +2.5%) is strong after its better-than-expected Q1, driven by lower costs and expenses and a stronger performance from base metals, which Goldman analysts say "should provide a strong catalyst to consensus earnings upgrades and reduce bearish sentiment.” Vale has been receiving good news recently, as a special-participation tax looks dead and analysts take a more positive view.
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