Professor Glenn A. Okun
Rio Tinto (RIO): The company indicated that it believes that manufacturing in China will continue to improve, according to the Financial Times. Its CEO described Chinese steel mills as producing at capacity and that orders from China’s infrastructure and automotive sectors would help offset lower demand from real estate developers.
Vale (VALE): Barclays lowered its price target to $15 from $16 while maintaining an overweight rating on the stock. Vale management reduced its 2024 iron ore production guidance to flat on a year-over-year basis due to a stable demand outlook.
The Rabid Capitalist 
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