Besides copper, the companies would also produce nickel, cobalt, gold and other critical minerals. Photo by FactoryTH/Getty Images/Postmedia files

Vale SA and Glencore PLC are considering a joint copper project in Canada as the two companies look to increase their exposure to a metal projected to be in short supply as the world electrifies.

The proposed collaboration between Vale’s base metals unit and the Swiss commodities giant is to jointly develop a US$1.6 billion to US$2 billion project at their neighbouring properties in the Sudbury basin , Vale said in a statement Tuesday. It would churn out 880,000 metric tons over 21 years.

While Vale and Glencore have been mulling a Canadian partnership for two decades, the agreement is the latest example of collaboration in the i

See Full Page