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Strategies & Market Trends : Value Investing

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To: bruwin who wrote (70533)	6/23/2022 7:59:16 AM
From: E_K_S	Read Replies (3) of 78764

Re: VALE China is their largest customer and their economy is slowing down. Some said they are in a recession now and it is hard to verify from the figures they release. That said, minerals are in the ground and at some point will be mined and sold (but at what cost?). I wonder what impact Brazil may have on iron ore consumption as many smaller mini-mill steel plants are moving out of China and to Brazil. Vale has mines in Brazil so perhaps that area may grow and take up the slack from China. ------------------------------------------------ That said, the whole mining sector must be more efficient extracting the minerals so I see more automation in the industry especially the use of robots and autonomous trucks. That may be a good area to look at including CAT. Maybe you have some names of companies that we s/d watch? Caterpillar Inc (CAT) is still expensive but one company I would like to own. The SMA(200) weekly for CAT is $163/share so for me, need to fall 15% before I would start buying. I have a stink bid in at $ 1.61.87/share to alert me that my initial price point has been hit.

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