In the short term, emissions are on a rising trend, notwithstanding a temporary decline during the covid-19 pandemic, putting the world a long way off track to reach zero emissions by 2050.
Moscow has been trying to protect its defense and construction industries from further growth in raw materials costs as metals prices rise at a global level.
Vale reported a Q2 net income of $7.586 billion, up over 600% from the same period a year ago, but slightly below the Refinitiv consensus estimate of $7.67 billion.