Vale Backs R$1 Billion Critical Minerals Fund With BNDES as AI and Energy Demand Rises
Updated
Updated · en.clickpetroleoegas.com.br · Jun 8
Vale Backs R$1 Billion Critical Minerals Fund With BNDES as AI and Energy Demand Rises
1 articles · Updated · en.clickpetroleoegas.com.br · Jun 8
Summary
Ore Régia FIP aims to attract about R$1 billion to finance research, development and new mining projects for critical minerals tied to the energy transition.
Vale said the fund, created with development bank BNDES, will prioritize small and midsize companies and help build Brazil’s strategic minerals chain beyond raw-ore exports.
CEO Gustavo Pimenta said Vale will keep focusing capital on businesses with scale or expansion potential, centering on high-grade iron ore, copper and nickel rather than broad diversification.
Brazil’s push comes as AI, semiconductors and green technologies lift demand for copper, nickel, lithium and rare earths, while the U.S. and EU seek alternatives to China’s dominance in processing and refining.
Can Brazil build its critical mineral empire while navigating the rivalry between Washington and Beijing?
Brazil promises a green mineral revolution, but can its complex laws deliver before the market moves on?
Brazil’s $7 Billion Critical Minerals Push: Inside the Vale/BNDES Fund and the Nation’s Bid for Global Supply Chain Leadership
Overview
In 2026, the Vale/BNDES Critical Minerals Fund was officially announced, marking a major shift in Brazil’s mineral strategy. Vale, traditionally focused on steelmaking ingredients, is now aiming to diversify its revenue and intensify its focus on minerals essential for a sustainable future. This move follows CEO Gustavo Pimenta’s ambition to boost copper production, recognizing copper’s vital role in renewable energy, electric vehicles, and digital infrastructure. The creation of the fund is a strategic step for Vale, supporting Brazil’s goal to become a key player in the global supply chain for critical minerals needed in the energy transition.