I don't understand why several other mining companies are moving up,that are in the same business,and Vale is still lagging in their share price.The stock market is finally up over 237 points and it is has not had a positive impact! What is the problem here? The company has raised it's dividend,has cut costs,and I believe they are going to report excellent earnings for the current quarter!!
I believe that it is related to Brazil. PBR is also only up about 1%.. Remember that Vale still has a huge potential tax liability associated with earnings from foreign subsidiaries hanging over its head