Supporting Japanese Steel Industry's Long-Term Supply of Mineral Resources and Decarbonization.
Region:
The
The loan is intended to provide the funds required for Japanese blast furnace manufacturers to stably import pellets and pellet feed*1 from VALE.
Iron is used extensively for various products, including automobiles and construction materials, and is a fundamental metal resource for Japanese industry. In the accelerated global trend toward decarbonization, Japanese steelmakers face an urgent issue of achieving zero or low emissions in the steelmaking process. Securing a stable supply of a wide range of steel raw materials is crucial for them to achieve decarbonization. By financially supporting a Japanese company's long-term supply of pellets and pellet feed, the loan will contribute toward ensuring a stable supply of critical mineral resources for the Japanese steel industry and toward enhancing the resilience of its resource supply chain, through which Japanese companies can sell resources to their overseas businesses in the future. The loan will also help to realize a sustainable society and strengthen
VALE has established favorable and long-standing business relationships with Japanese companies as a world-leading supplier of mineral resources, such as iron, nickel, and copper. It is also expected to expand and diversify opportunities to cooperate with Japanese companies, including collaborative projects in
As
Note
*1
Pellet feed is processed iron ore crushed into particles 0.05 mm or smaller in diameter. It is agglomerated into pellets in a pellet plant and fed into a blast furnace or direct-reduction furnace.
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