Iron ore prices are sliding, and Wall Street sees that trend continuing. That isn’t great for sales and cash flows for iron ore miners.
Bank of America analyst Jason Fairclough cut his rating on iron ore miner Vale (ticker: VALE) to Hold from Buy. He lowered his price target to $20 a share from $27.
“Earnings downgrades coming,” wrote Fairclough...
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
