WSJ News Exclusive | Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia

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Brazilian miner Vale is close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund and a Saudi mining company

Nickel is an essential component of electric-vehicle batteries and Indonesia is by far the world’s largest producer. A rare visit to one of its biggest nickel plants reveals the heavy environmental cost of mining and processing the metal.

Photo: Ulet Ifansastiis close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund and a Saudi mining company, according to people familiar with the matter.Continue reading your article with

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