Directly and through affiliates and joint ventures, we also have investments in energy and steel businesses.
Vale S.A. are the second-largest metals and mining company in the world and the largest in the Americas, based on market capitalization. We are the world's largest producer of iron ore and iron ore pellets and the world's second-largest producer of nickel. We are one of the world's largest producers of manganese ore and ferroalloys. We also produce copper, thermal and metallurgical coal, phosphates, potash, cobalt and platinum group metals ("PGMs"). To support our growth strategy, we are actively engaged in mineral exploration efforts in 27 countries around the globe. We operate large logistics systems in Brazil and other regions of the world, including railroads, maritime terminals and ports, which are integrated with our mining operations. In addition, we have a maritime freight portfolio to transport iron ore. Directly and through affiliates and joint ventures, we also have investments in energy and steel businesses.
Thanks ... I needed that. I look back at the fundamentals and everything looks pretty good. But I look at the pattern of the stock and it scares me. Why such a down trend for so long? Any info would be appreciated.
I thought it had broke this pattern .... but now I'm not sure. Is it going to have to hit 10 or 12 before it breaks?
Just my take: Last selloff lasted 2 weeks, this one two weeks (so far). Low today held above low on 8/21/2013 of 14.32 (series of 3 higher lows) Last trend support was broken today at the lows but closed back above. If we break below todays low there is a chance we move down to 14.00 -14.09 area (only 1 support area between here and 14 area and that is 14.25) I did not think we would move below 14.50. No technical damage has been done as of yet. Hope everyone has a good night.