Brazil Stocks Rise From Two-Week Low as Vale Joins Mining Rally

Updated on
  • Metals gain on speculation China to increase its stockpiles
  • Brexit, Fed angst has weighed on Ibovespa in recent days

Brazil Is Unraveling Before Our Eyes

The Ibovespa rebounded from its lowest level in two weeks as speculation that China is planning to increase its stockpiles of base metals lifted miner Vale SA, the world’s biggest producer of iron ore, and steelmakers including Gerdau SA.

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