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JPMorgan upgrades Vale stock on iron ore demand

Staff Writer | September 01, 2023 | 8:34 am Intelligence Markets Top Companies Latin America Iron Ore 

JPMorgan on Friday upgraded Vale (NYSE: VALE) to overweight from a previous neutral investment rating. Analyst Rodolfo Angele said the miner is undervalued compared with its peers. “Current iron ore prices are being supported by improved sentiment on China reopening and robust...

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