Column: Trump 2.0 won’t reverse Biden’s critical minerals push
Donald Trump has described the Inflation Reduction Act (IRA) as a "green scam" and vowed to repeal it after he returns to the White House in January.
Brazilian miner Vale SA received binding offers for a stake in its base metal unit, local newspaper Valor Economico reported on Thursday, citing unnamed sources.
Vale would sell 10% of the unit worth around $2.5 billion, the newspaper reported, adding the binding offers are likely to be analyzed next Thursday by the company’s board.
Earlier this year, Vale said it expected an advance in its efforts to sell its stake to come in the first half of this year.
The company’s press office declined to comment.
(By Carolina Pulice and Peter Frontini; Editing by David Gregorio)
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