Saudi Arabia Bids to Secure Nickel
Posted on 07/25/2023
A significant bid made over a month ago could be successful for Saudi Arabia’s Public Investment Fund (PIF) and Saudi mining interests. The deal for 10% of Vale’s business is valued at US$ 2.5 billion. Securing nickel is especially important in the electric economy, being used for EV battery production. Nickel is a rare, silver-colored…
