Market Chatter: Vale Holds Off on IPO for Vale Base Metals Subsidiary
MT newswire2026/09/04 08:29Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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04:29 AM EDT, 09/04/2026 (MT Newswires) -- Vale (VALE) has held off on its plan to launch an initial public offering for its UK-based Vale Base Metals Subsidiary, Canada's The Globe & Mail newspaper reported Thursday, citing unnamed sources. The Brazilian mining company's decision comes amid a backlash in its country over possible foreign control of assets, the report said. Vale Base Metals holds copper, nickel and cobalt operations in Canada, Brazil, Japan, the UK and Indonesia, the media outlet reported. Vale did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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