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Vale’s relations with Lula government improve after tensions last year, says boss

Financial Times LogoFinancial Times11h ago

Vale’s relations with Lula government improve after tensions last year, says boss - Financial Times

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Lithium-ion batteries are used in electric vehicles and mobile phones.“We looked at lithium, but we aren’t convinced of the long-term fundamentals compared to copper, for example.

While the biggest copper miners produce about 1mn to 2mn tonnes annually, Pimenta said Vale’s target would “put us back in the game”.

This path is very favourable to copper, as it doesn’t have direct substitutes,” said Pimenta.“Our vision is to have a product portfolio that is resilient for a decarbonised future.


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Article Details

Author / Journalist: Michael Pooler

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-16 @ 13:00:54 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 719 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27053438

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 3 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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