On the 9th, Brazilian CNN website reported that Vale Corporation of Brazil stated that after the acquisition of part of the nickel copper business by Chattmanala Mining Investment Company, it is expected that nickel production is expected to increase from 175000 tons/year to over 300000 tons/year. Vale plans to use 30% -40% of its nickel production for the supply chain production of electric vehicle batteries in the medium term. Manara Mining executives stated that the company has successfully increased its holdings in key strategic minerals through this investment, enabling Saudi Arabia to play an increasingly important role in the global energy transformation supply chain.
