![](https://media.gettyimages.com/id/2151578809/photo/a-suspended-construction-site-in-china-a-bankrupt-project.jpg?b=1&s=170667a&w=0&k=20&c=ICPVkMRoOQNFqUHo9Nx7RE6erqWTiEwjZc--q2_zr10=)
Vale: China's Construction Collapse Signals Multi-Decade Peak In Iron Ore Demand
redtea/E+ via Getty Images At the end of 2022, I published a bearish outlook on the mining giant Vale S.A. (NYSE:VALE) in "Vale: Margins Under Pressure As Energy Shortage Increases Costs And Impairs Demand." At that time, I believed the stock …