Vale aims to grow copper output
The company sees copper and nickel as part of the transition.
Brazilian miner Vale and state-owned development bank BNDES will create a 1 billion real ($183.6 million) fund to support local projects with minerals seen as strategic to decarbonization and the energy transition, they said on Wednesday.
In a press conference, executives from both groups said BNDES and Vale will invest up to 250 million reais each in the fund.
($1 = 5.4458 reais)
(By Marta Nogueira and Andre Romani; Editing by Kylie Madry)
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