Vale is currently benefiting from the rise in iron and copper
ore over the last several months. The stock broke out back on 12/20 and ripped higher for weeks until the recent market volatility
caught hold of it. However, even as the market as tanked Vale has held up relatively well, ~4.6% vs. ~8.8% drop for the S&P500
. Look for the stock to shoot higher is the market turns positive in coming weeks, however not much can survive the carnage we have seen lately.