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Vale targets India’s growing iron ore and mineral demand, expanding partnerships and exploring a blending center.
Vale CEO Gustavo Pimenta identified India as a key growth market for iron ore and strategic minerals, citing rising steel production—expected to exceed 300 million tonnes in a decade—and increasing demand for clean energy and AI materials.
Vale sold 10 million tonnes of iron ore in India last year and is exploring a blending center with Indian firms MMDC and Denny Ports, potentially on the eastern or western coast, following models in Malaysia and China.
The company emphasized its role in supplying high-grade iron ore, nickel, and copper critical for decarbonization and technology, with long-term partnerships seen as central to its India strategy amid projected global mineral demand growth of five to six times current levels.
Vale apunta a la creciente demanda de mineral y mineral de hierro de la India, expandiendo las alianzas y explorando un centro de mezcla.