Vale: H2 2023 May Spark The Recovery Of Iron Ore Prices
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Update time : 2023-01-16 20:04:28
The company seems competent in controlling its iron ore output in 2023, potentially putting a floor on iron prices, despite the peak recessionary fears.
While VALE may report elevated long-term debts of $13B, we are not concerned at all, due to its robust cash/investments of $5.3B in the latest quarter.
In addition, the company may receive a fresh capital injection of up to $40B from the uncoupling of the base metal business, further strengthening its balance sheet ahead.
Entering the Chinese New Year holiday, market trading is sluggish
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