Vale CEO says miner will spin off copper, nickel unit "The idea is to eventually grow the base metals unit as big as Vale today, which has a market capitalisation of $66 billion, and take it to the public market, Bartolomeo said, without giving details on timing.
There is “huge growth” in base metals, whereas iron ore is a mature business, he added.
Copper and nickel are poised to see strong demand as a result of the transition away from fossil fuels, as they are needed in electric vehicles, their charging stations and other renewable energy infrastructure.
Vale, once the world’s top producer of the steel ingredient, said in September that global demand for nickel should increase 44% by 2030 to 6.2 million tonnes."
https://www.mining.com/web/vale-ceo-says-miner-will-spin-off-copper-nickel-unit/