The Rising Influence of Rising Affluence

[DewDiligence]

Thanks for posting the report; Citi’s recommendations:

Current ratings are Buy on Vale and Sell on CSN. Vale is the only investible iron ore miner in LatAm given the ability to withstand any realistic future price scenario, in our view.

Elsewhere globally in iron ore, Citi Research analysts have a Buy/Neutral on Rio Tinto (RIO.AX / RIO.L), a Buy on Fortescue, a Buy on Cliffs and a Sell on Kumba.

Citi evidently considers BHP too diversified to be included in this grouping of iron-ore stocks.