Vale, Rio Tinto Lead Mining Rally As Iron Ore Prices Won't 'Fall Off A Cliff'

Vale (VALE) and Rio Tinto (RIO) led a continued rally in mining stocks Monday as China demands higher-quality steel inputs and Vale might keep its CEO on longer.

Vale's American depositary receipts jumped 8.8% to 11.38 in early afternoon trade in the stock market today, hitting their highest levels since October 2014. Brazilian paper firm Valor Economico reported that shareholders want CEO Murilo Ferreirato to hold his position for another two years as government officers try to sway the...

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