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$CLF Buying the dip. USA pure play iron ore going higher. $VALE

Long
Cleveland-Cliffs Inc. (NYSE:CLF)  
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NYSE:CLF   Cleveland-Cliffs Inc.
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$CLF is the largest independent iron ore producer in the United States and will take an even larger lead in 2020 with brand new HBI plant in Toledo coming online. With the disaster in Brazil by $VALE who is likely the largest iron ore producer in the world, there will be a need for alternate suppliers such as $CLF while some of $VALE production is offline and new iron ore investment by $VALE is off the table. Iron ore prices will be going higher.
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