Vale studying alternatives for nickel assets amid challenging scenario

ReutersApr 29, 2025 6:46 PM

SAO PAULO, April 29 (Reuters) - Brazilian miner Vale VALE3.SA is studying alternatives for its nickel portfolio including selling, making partnerships or idling assets, as the market faces a challenging short-term scenario, Chief Executive Gustavo Pimenta said on Tuesday.

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. The question is how to remain profitable in the short term," he said.

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