a necklace iron ore For the month of August, the Singapore Stock Exchange fell 8.2% to $99.90 a ton, the weakest level since last November.
As a result, the miner’s share decreased by 6.66%, to R$67.95, the lowest level during the year.
Buying opportunity for Vale?
According to analyst Pedro Galdi, from Mira’s originsThe stock is trading at attractive prices with good dividends on the way.
Of course, these procedures can become cheaper. In the short term, they are reacting to lower commodity prices. In the long run, they interact with the evaluation and operational efficiency they have gained over the past few years. These companies have a lot of money. He adds that having this sector in the portfolio is attractive.”
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