Brazil’s Vale has announced that it is committing $25-$30 billion in investment over the next decade, and that the company intends to focus on copper and nickel resources in Brazil, Canada, and Indonesia in preparation for increased material demand through the green energy transition. The company will focus on expanding its portfolio towards new nickel and copper developments in strategic locations, complying with various policies like the Inflation Reduction Act (IRA) and the European Union’s Critical Raw Materials Act (CRMA). Brazilian and Canadian deposits will likely be prioritized towards the US because of Inflation Reduction Act incentives and sourcing requirements, while Indonesian resources will likely be directed towards China where it will serve the domestic market, with overflow going to…