Vale's CEO, Gustavo Pimenta, highlighted China's commitment to the energy transition and industrial innovation as a great opportunity for Brazil to play a leading role in the new green economy. 

Since taking over as CEO of the mining company in October, Pimenta has emphasised the importance of the Chinese market, which accounts for 60% of Vale's revenues. After visits to Shanghai and Beijing, the executive noticed a change in the Chinese economy. “The tone has changed a lot. Economic activity has reacted. A lot of stimulus for consumption, heated manufacturing and consistent investment in infrastructure”, he said.

The Chinese decarbonisation agenda remains firm and, according to the CEO, directly benefits Vale. “Our thesis is decarbonisation. And our products, which have a high content, benefit from this. Vale is the highest quality supplier in the world”, he said.

(Source: Brasil 247, on 24 March)