Saturday, July 5, 2025

Latest

General Motors Mulls Stake In Brazilian Nickel Miner Vale

General Motors (NYSE: GM) has considered purchasing a stake in Brazilian miner Vale SA’s base metals segment, which mines and processes nickel and other metals used in the production of electric car batteries.

Vale announced in December that it would consider selling up to 10% of its stake in the company, without specifying a price. According to some sources, a stake of that size may be worth up to $2 billion.

According to persons familiar with the situation, the selling process is in its early stages and Vale’s potential equity sale has attracted some of the world’s largest sovereign-wealth and pension funds, notably from the Middle East and North America.

Vale is said to be separating its base metal assets from its iron ore operations and hopes to announce a strategic partner for the new firm in the first half of 2023. The Rio de Jainero-based miner is also already a direct nickel supplier for Tesla batteries.

Global automakers are rushing to secure enough battery resources to satisfy their electric-vehicle sales ambitions in the coming years. GM has been one of the most active automakers in seeking supply partnerships and investing in firms to assure a future supply of EV batteries and critical materials such as lithium, nickel, and graphite.

The Detroit-based automaker announced last week that it intends to invest $650 million in Lithium Americas as part of its proposal to jointly establish a massive lithium mine in Nevada.

READ: Lithium Americas To Receive $650 Million Investment From General Motors

In November, GM also agreed to a long-term supply contract for nickel sulfate manufactured at Vale’s factory in Québec with a Canadian affiliate of Vale. The substance, according to GM, will be used in battery cathodes to power the automaker’s increasing line of electric vehicles, supplying enough nickel to create approximately 350,000 EVs per year.

Vale has set an aggressive target of raising annual nickel production from 180 kilotonnes in 2022 to more than 300 kilotonnes by 2030. It plans to more than increase its copper production from 260 kilotonnes this year to 900 by 2030, which will require an expenditure of $20 billion.

GM last traded at $42.85 on the NYSE.


Information for this briefing was found via The Wall Street Journal, Bloomberg, Financial Post, and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Canada Nickel Announces Preliminary Discovery At MacDiarmid

Canada Nickel Company (TSXV: CNC) this morning announced preliminary drill results from its drill program...

Tuesday, May 18, 2021, 07:24:11 AM

General Motors Plans to Produce Only Zero-Emission Vehicles by 2035

Following California’s recently introduced legislation that will ban the sale of new combustion engine vehicles...

Thursday, January 28, 2021, 04:24:48 PM

Nickel Creek Platinum CEO Resigns To Pursue Better Opportunities In Precious Metals Sector

Nickel Creek Platinum Corp (TSX: NCP) has seen its President and CEO resign to pursue...

Monday, August 31, 2020, 08:37:24 AM

Canada Nickel Assays 0.32% Nickel Over 10.1 Metres At Crawford East Zone

Canada Nickel Company (TSXV: CNC) announced this morning assays from the infill drilling program at...

Tuesday, October 26, 2021, 09:44:00 AM

Garibaldi Assays 0.56% Nickel, 0.61% Copper Over 151.6 Meters At Nickel Mountain

Garibaldi Resources (TSXV: GGI) this morning released its latest drill results from its 2020 exploration...

Friday, September 11, 2020, 08:24:56 AM