A potential joint venture would revive Glencore’s nickel mine near Sudbury, Ont., and deepen its shafts to access copper deposits. If the companies move forward, they could also extract cobalt, nickel and gold from the deposits, depending on how work goes next year. (The Logic)

Talking point: It’s a potential partnership that’s been years in the making for the Swiss and Brazilian miners, now made more urgent by surging demand for the copper used in AI data centres. Vale and Glencore—and the projects’ previous owners, Falconbridge and INCO—have held tie-up talks for nearly 20 years. Chatter picked up again last year as the companies looked to cut costs and share resources amid a nickel market downturn. Soaring gold and copper prices this year, boosted by data centre construction projects, could finally seal the deal, though the final investment decision isn’t expected until 2027.