Vale's Trading Volume Surges 113% to 277th Place as it Sells 70% Stake in Renewable Power Portfolio for $1 Billion
1min read On April 3, 2025, Vale's trading volume reached 5.23 billion, marking an 113.21% increase from the previous day, placing it 277th in the daily stock market rankings. Vale's stock price fell by 3.57%, marking the second consecutive day of decline, with a total decrease of 3.66% over the past two days.
Vale has sold a 70% stake in its Brazilian renewable power portfolio, generating approximately US$1 billion in cash. This move is part of the company's strategy to focus on its core mining operations while diversifying its revenue streams through investments in renewable energy.
In addition to the stake sale, vale has also formed a joint venture with Global Infrastructure Partners (GIP) in the renewable energy sector. This partnership, known as Aliança Energia, aims to develop and operate renewable energy projects in Brazil, further strengthening Vale's commitment to sustainable energy solutions.
Ask Aime: What impact will Vale's renewable energy joint venture have on the company's future financial performance?
