Brazil's BNDES to partner with Vale, Petrobras on critical minerals, says bank head

Vale

22/06/2026 16:32

RIO DE JANEIRO, June 22 (Reuters) - Brazilian state-run development bank BNDES will partner with miner Vale VALE3.SA and oil company ‌Petrobras PETR3.SA on critical minerals, the bank's head Aloizio Mercadante said on Monday.
Speaking at an event alongside President Luiz Inacio Lula da Silva, Mercadante also said that Lula had asked BNDES to recycle its equity portfolio and invest in artificial intelligence and biotechnology.

 (Reporting by Rodrigo Viga Gaier; Writing by Isabel Teles)
 ((isabel.teles@thomsonreuters.com; +55 11 91033 3602))