Vale to Sell Some Stake In Exchange For Funds To Double Nickel Output
- Agt 09, 2023, at 4:48 pm
- 中国特钢企业协会不锈钢分会
Brazilian miner Vale (VALE13.SA) said on Thursday it had struck two separate deals to sell a 4 percent stake in its base metals business for $300 million, aimed at boosting its copper and nickel output. The sale is part of Vale's strategy to improve the management of its nickel and copper assets, as demand for the metal is expected to soar in the electric vehicle market.