UBS Picks Rio Tinto and Vale as Preferred Iron Ore Names as Prices Slip Toward $100/Ton
UBS has identified its favored iron ore miners as benchmark prices test roughly $100 per ton amid weakening seasonal demand and a cluster of softening fundamentals. The bank ranks Rio Tinto and Vale ahead of BHP and Fortescue Metals Group, while maintaining Neutral ratings across the sector and forecasting lower benchmark iron ore prices into the s…