Is Vale a Buy?
Iron ore is crucial to the global economy. That's because it's a key component in steel, which is in everything from bridges and buildings to cars and wind turbines. Steel is so essential in supporting the economy that iron ore is the most-used metal on the planet.
As the world's largest iron ore producer, Vale (NYSE: VALE) stands to benefit from the global economy's continued use of steel. However, the company's outsized exposure to that market does have its drawbacks. That's why the iron ore giant's stock has tumbled about 15% in 2019 and is down more than 27% over the past year.
Here's a look at the case for and against buying shares of the mining giant.
Source Fool.com
