“In the long run, critical minerals will have a relevance to the world, just as oil has in the last 100 years,” said Gustavo Pimenta
Vale’s CEO, Gustavo Pimenta, said on Saturday, 7, that the tariff war generates uncertainties on the mining company’s business, especially because of the impact on quotes of commodities of a cooling of the global economy. He stressed, however, that he is optimistic about the potential that it is worth leading the production of critical minerals in the energy transition and the technological revolution.
“In the long run, critical minerals will have a relevance to the world, just as oil has been in the last 100 years. We have been watching this in Vale over the past few years and positioning us to be an offering within this industry,” Pimenta said during a participation in the Guarujá forum in São Paulo.
The executive pointed out that Brazil may have the greatest ore production potential in the world. “We have the periodic table in our territory, the potential to be perhaps the greatest strength in the supply of these critical minerals, which here includes high -content iron ore, to help a decarbonization industry, to help with the supply of minerals, especially for technology, artificial intelligence. All of this will require a very large increase in these minerals,” said Vale CEO.
