Vale assures China of more capital for low-carbon solutions

Vale believes China’s steel demand will remain resilient and plateau at high levels supported by sound fundamentals in the long term, bringing massive opportunities to multinational mining companies such as itself, said chief executive Bartolomeo. — China Daily

Beijing: Brazilian mining giant Vale SA has vowed to step up investment in low-carbon solutions along the steel value chain in China, according to its top executive.

The country’s demand for steel is expected to remain resilient through 2030, holding significant potential for decarbonisation due to its large scale.