Goldman Sachs analyst Marcio Farid downgrades Vale (NYSE:VALE) from Buy to Neutral and lowers the price target from $18 to $16.
Cobalt market update: steady spot prices, Congo mining law tensions, CMOC profit surge, Glencore tax dispute, Sherritt warning, NiWest tests.
Vale rated Hold: high leverage, dividend sustainability concerns, China demand and legal risks. Click for more on VALE stock.
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