https://www.miningweekly.com
Rio De Janeiro|Rio Tinto|Vale|Canada|Indonesia|Electric Vehicles|Nickel|Gustavo Pimenta|Iron Ore
|||||
rio-de-janeiro|rio-tinto|vale|canada|indonesia|electric-vehicles|nickel|gustavo-pimenta|iron-ore

Vale checking alternatives for nickel assets amid challenging scenario

30th April 2025

By: Reuters

  

Font size: - +

RIO DE JANEIRO - Brazilian miner Vale is studying alternatives for its nickel portfolio including selling, making partnerships or putting assets in care and maintenance, as the market faces a challenging short-term scenario, its CEO said on Tuesday.

Chief executive Gustavo Pimenta told reporters in Rio de Janeiro the market is oversupplied due to output from Indonesia. "Nickel remains attractive in the medium and long-term," he said, citing demand for electric cars production.

"The question is how to remain profitable in the short term," the executive added.

The CEO noted Vale must work to improve efficiency of its assets, and cut costs to have a profitable nickel business within current market prices.

"We are evaluating if some assets in the portfolio could have a strategic alternative," Pimenta added.

In January, Vale said its subsidiary Vale Base Metals had started a "strategic review" of its nickel assets in Thompson, Canada, including their potential sale.

Pimenta also said on Tuesday that Vale has started to reverse in April the iron ore production decline it reported in the first quarter of the year, adding he is "very confident" that the miner will meet its 2025 production guidance for the steel-making ingredient.

The executive noted the company could again be the world's largest iron ore producer if rivals such as Rio Tinto miss their output estimates for the year.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (30/10/2026)
30th October 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.045 0.067s - 117pq - 2rq
Subscribe Now