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Israeli airstrikes killed a hospital director at his home in northeastern Lebanon and six others, while at least five paramedics were killed by Israeli strikes in the country's south on Friday, Lebanon's Health Ministry said. The United Nations reported heavy clashes between Israeli troops and Hezbollah fighters in southern Lebanon. Four Italian peacekeepers were lightly wounded when a rocket, likely fired by Hezbollah, hit their base, the U.N. said. A full-blown war between Israel and Hezbollah erupted in September after nearly a year of lower-intensity conflict. More than 3,640 people have been killed in Lebanon and 15,350 wounded, the majority following Israel’s escalation and ground invasion, the Health Ministry said Friday. In Gaza, Israeli strikes hit Kamal Adwan Hospital, one of the few hospitals still partially operating in the northernmost part of the territory, wounding nine medical staff and damaging its generator and oxygen systems, the hospital director said Friday. More than 44,000 Palestinians have been killed in the Gaza Strip, the Health Ministry said. It does not distinguish between civilians and combatants in its count, but it has said that more than half of the fatalities are women and children. Israel launched the war in Gaza after Hamas-led militants stormed into southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting another 250 . Around 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Here’s the Latest: DEIR AL-BALAH, Gaza Strip — Israeli strikes hit Kamal Adwan Hospital, one of the few hospitals still partially operating in the northernmost part of Gaza, wounding nine medical staff and damaging its generator and oxygen systems, its director said Friday. Hossam Abu Safiya said strikes before dawn Friday hit the entrance of the emergency unit as well as in the hospital courtyard. He said six staff were wounded, including two critically. Friday night, he said an armed drone hit the entrance again, wounding three staffers. There was no immediate comment from the Israeli military. Abu Safiya said the strikes caused damage to the functioning of the generator and disrupted oxygen supplies. The hospital is currently treating 85 wounded, 14 children in the pediatric ward and four newborns in the neonatal unit, he said. During the past month, Kamal Adwan Hospital has been hit several times, was put under siege and was raided by Israeli troops, who are waging a heavy offensive in the nearby Jabaliya refugee camp and towns of Beit Hanoun and Beit Lahiya. The Israeli military says it detained Hamas fighters hiding in the hospital, a claim its staff denies. BEIRUT — An Israeli airstrike killed the director of a university hospital and six others at his home in northeastern Lebanon, state media said. The strike targeted Dr. Ali Allam’s house near Dar Al-Amal Hospital, the largest health center in Baalbek-Hermel province, which has provided vital health services amid Israel's campaign of airstrikes, the Health Ministry said. State-run media reported that the strike came without warning. The ministry described his death as a “great loss,” and provincial governor Bachir Khodr said in a post on X that, “Mr. Allam was one of the best citizens of Baalbek.” In two separate episodes on Friday, Israeli airstrikes in southern Lebanon killed five paramedics with Hezbollah's medical arm, the Health Ministry said, describing it as “war crime.” The militant group provides extensive social services, including running schools and health clinics. In a report published Friday, the World Health Organization said nearly half of all attacks on health care in Lebanon since Oct. 7, 2023, have resulted in fatalities. “This is a higher percentage than in any active conflict today across the globe,” WHO said. In Lebanon, 226 health workers and patients were killed and 199 were injured between Oct. 7, 2023, and Nov. 18, 2024, the report said. The Health Ministry said Friday that 3,645 people have been killed in nearly 14 months of war between Hezbollah and Israel, while 15,356 were wounded, the majority following Israel’s escalation in late September. The death count includes 692 women and 231 children. UNITED NATIONS – Two rockets hit a headquarters of the U.N. peacekeeping force in southern Lebanon, injuring four Italian peacekeepers, the United Nations says. U.N. spokesperson Stephane Dujarric said the rockets were likely launched by Hezbollah militants or by affiliated groups Friday, impacting a bunker and a logistics area in the southwest headquarters at Chamaa. One of the structures that was hit caught fire, and the blaze was swiftly put out by U.N. staff, he said. According to Italy’s Defense Ministry, some glass shattered due to the explosion, hitting the four soldiers. Dujarric said the four injured peacekeepers were receiving treatment at the medical facility of the mission, known as UNIFIL. “Thankfully, none of the injuries are life-threatening,” he said. Italy’s Defense Minister Guido Crosetto called the attack on the UNIFIL base “intolerable.” He reiterated that the Italian contingent remains in southern Lebanon “to offer a window of opportunity for peace, and cannot become hostage to militia attacks.” Dujarric said Friday’s attack was the third on Chamaa in a week and came amid heavy shelling and ground skirmishes in the Chamaa and Naqoura areas in recent days. UNIFIL’s main headquarters is in Naqoura. Friday’s attack follows a rocket attack on a UNIFIL base east of the village of Ramyah on Tuesday that injured four peacekeepers from Ghana. Dujarric said UNIFIL strongly urges Hezbollah and its affiliates and Israel to avoid fighting near its positions, which are supposed to be protected. “We remind all parties that any attack against peacekeepers constitutes a serious violation of international law” and the U.N. Security Council resolution that ended the 2006 Israel-Hezbollah war, he said. BEIRUT — Israeli airstrikes hit Beirut’s southern suburbs and the southern port city of Tyre on Friday, after the Israeli army issued several evacuation warnings saying it is targeting Hezbollah sites. The strikes in Beirut came dangerously close to central Beirut and Christian neighborhoods. One strike hit a building housing a gym and medical and beauty clinics, located just meters (yards) from a Lebanese army base. “What is there in the building to target? This attack they carried out on us in this building is a criminal and vile act,” resident Hassan Najdi told The Associated Press. “Because if their intention is targeting Hezbollah, this building has nothing to do with Hezbollah.” Najdi said he purchased an apartment in the building last year but had not yet moved in. He allowed a displaced family to move in and urgently asked them to evacuate after receiving the Israeli warning. The blasts sent plumes of smoke into the air and shattered glass in the vicinity. No casualties have been reported, but the strikes caused damage to nearby infrastructure and a key road connecting central Beirut to its southern suburbs. “We remain steadfast,” said Ali Daher, an employee at a mall facing the targeted building. “Everything that is lost can be replaced, and whatever is destroyed can be rebuilt in (no time).” In Tyre city, the Israeli military conducted multiple airstrikes after a series of warnings, claiming the targets belonged to Hezbollah’s Aziz unit, accusing it of firing projectiles into Israel. The Israeli military carried out other airstrikes across Lebanon, many without warnings, as heavy fighting between Israeli troops and Hezbollah in villages along the Lebanon-Israel border intensified. ROME — Italy said Friday it plans to discuss the arrest warrants issued by the International Criminal Court over the Israel-Hamas war when it hosts Group of Seven foreign ministers next week. Premier Giorgia Meloni insisted that one point remained clear for Italy: “There can be no equivalence between the responsibilities of the state of Israel and the terrorist organization of Hamas.” Italy is a founding member of the court and hosted the 1998 Rome conference that gave birth to it. But Meloni’s right-wing government has been a strong supporter of Israel after the Oct. 7 Hamas attacks, while also providing humanitarian aid for Palestinians in Gaza. In a statement Friday, Meloni said Italy would study the reasonings behind the decision to issue arrest warrants against Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas’ military chief. Foreign Minister Antonio Tajani said Italy respects the ICC and supports it. “But at the same time we are also convinced that the court must have a judicial role, and should not take up a political role.” Tajani will host G7 foreign ministers Monday and Tuesday outside Rome for the final meeting of the Italian G7 presidency. “As far as decisions are concerned, we will take them together with our allies,” Tajani said. During the G7 meetings, “we will talk about this with my allies there, and we will see what to do next.” Another member of the governing coalition, the outspoken Transport Minister Matteo Salvini was more defiant in supporting Israel. “If Netanyahu comes to Italy he will be welcomed,” Salvini was quoted by Italian media as saying. This item has been updated to correct that Salvini spoke of a potential Netanyahu visit to Italy, not Israel. ROME — Four Italian soldiers were slightly injured after two exploding rockets hit the United Nations' peacekeeping mission base on Friday in Chamaa in southern Lebanon, Italy's defense ministry said. Initial information suggested that two rockets hit a bunker and a room of the mission base, damaging the surrounding infrastructure, the ministry said. Shattered glass hit the four soldiers. The incident was the latest in which UN peacekeeping posts have been hit since Israel began its ground invasion of Lebanon on Oct. 1, leaving a number of peacekeepers wounded. Defence Minister Guido Crosetto called Friday's attack “intolerable.” He said he will try to speak to the new Israeli Defense Minister to ask him “to avoid using the UNIFIL bases as a shield.” Crosetto said the conditions of the four Italian soldiers “did not cause concern.” He reiterated that the Italian contingent remains in southern Lebanon “to offer a window of opportunity for peace and cannot become hostage to militia attacks.” Italy’s Premier Giorgia Meloni on Friday said she learned about the new attack with “deep indignation and concern.” Meloni reiterated that “such attacks are unacceptable,” renewing her appeal for the parties on the ground “to guarantee, at all times, the safety of UNIFIL soldiers and to collaborate to quickly identify those responsible.” GENEVA — The World Health Organization says nearly half of the attacks on health care in Lebanon have been deadly since the Middle East conflict erupted in October last year, the highest such rate anywhere in the world. The U.N. health agency says 65 out of 137, or 47%, of recorded “attacks on health care” in Lebanon over that time period have proven fatal to at least one person, and often many more. WHO’s running global tally counts attacks, whether deliberate or not, that affect places like hospitals, clinics, medical transport, and warehouses for medical supplies, as well as medics, doctors, nurses and the patients they treat. Nearly half of attacks on health care in Lebanon since last October and the majority of deaths occurred since an intensified Israeli military campaign began against Hezbollah militants in the country two months ago. The health agency said 226 health workers and patients have been killed and 199 injured in Lebanon between Oct. 7, 2023 and this Monday. JERUSALEM — Israel’s new defense minister said Friday that he would stop issuing warrants to arrest West Bank settlers or hold them without charge or trial — a largely symbolic move that rights groups said risks emboldening settler violence in the Israeli-occupied territory. Israel Katz called the arrest warrants “severe” and said issuing them was “inappropriate” as Palestinian militant attacks on settlers in the territory grow more frequent. He said settlers could be “brought to justice” in other ways. The move protects Israeli settlers from being held in “administrative detention,” a shadowy form of incarceration where people are held without charge or trial. Settlers are rarely arrested in the West Bank, where settler violence against Palestinians has spiraled since the outbreak of the war Oct. 7. Katz’s decision was celebrated by far-right coalition allies of Prime Minister Benjamin Netanyahu. National Security Minister and settler firebrand Itamar Ben-Gvir applauded Katz and called the move a “correction of many years of mistreatment” and “justice for those who love the land.” Since Oct. 7, 2023, violence toward Palestinians by Israeli settlers has soared to new heights, displacing at least 19 entire Palestinian communities, according to Israeli rights group Peace Now. In that time, attacks by Palestinian militants on settlers and within Israel have also grown more common. An increasing number of Palestinians have been placed in administrative detention. Israel holds 3,443 administrative detainees in prison, according to data from the Israeli Prison Service, reported by rights group Hamoked. That figure stood around 1,200 just before the start of the war. The vast majority of them are Palestinian, with only a handful at any given time Israeli Jews, said Jessica Montell, the director of Hamoked. “All of these detentions without charge or trial are illegitimate, but to declare that this measure will only be used against Palestinians...is to explicitly entrench another form of ethnic discrimination,” said Montell. BERLIN — A German official has suggested that his country would be reluctant to arrest Israeli Prime Minister Benjamin Netanyahu on a warrant issued by the International Criminal Court. The ICC’s warrants for Netanyahu and former Defense Minister Yoav Gallant put Germany, a staunch ally of Israel, in an awkward position. The government said in a statement Friday that it is one of the ICC’s biggest supporters, but “at the same time, it is a consequence of German history that unique relations and a great responsibility connect us with Israel.” The government said it takes note of the arrest warrants and that “we will examine conscientiously the domestic steps.” It said that any further steps would only be an issue if a visit by Netanyahu or Gallant were “foreseeable.” Government spokesperson Steffen Hebestreit was pressed repeatedly at a regular news conference on whether it would be conceivable to arrest an Israeli prime minister. He replied: "It’s hard for me to imagine that we would carry out arrests in Germany on this basis.” Kremlin spokesperson Dmitry Peskov on Friday refused to comment on the International Criminal Court’s arrest warrants for Israeli Prime Minister Benjamin Netanyahu and others, saying that the court's rulings are “insignificant” for Russia, which doesn’t recognizes the court’s jurisdiction. The ICC last year issued an arrest warrant for Russian President Vladimir Putin and a number of other top Russian officials, accusing them of war crimes in Ukraine. The Kremlin has brushed off the warrants, saying that in Moscow’s eyes they’re “null and void.” Asked if the ICC warrants for Netanyahu and others can help resolve the tensions in the Middle East, Peskov said: “Well, in general, the actions of the ICC are unlikely to help anything. That’s the first thing. And secondly, we don’t see any point in commenting on this in any way, because for us these rulings are insignificant.” DEIR AL-BALAH, Gaza Strip — Large crowds of displaced people crammed themselves in front of a bakery in the Gaza Strip for the second day in a row, desperate to get their share of bread after bakeries closed for five days due to a flour shortage and the lack of aid. “I am a 61-year-old man. This is the third day that I have come to Zadna Bakery and I still cannot get bread ... I have children to feed,” said Majdi Yaghi, a displaced man from Gaza City. The price of a small bag of pita bread increased to $16 by Friday, a stark increase from about 80 cents last month. A bag of pasta now costs $4 and a small bag of sugar costs nearly $14. That has left many Palestinian families surviving on one meal a day and reliant on charitable kitchens to survive. In Khan Younis, women and children lined up at the al-Dalu charitable kitchen for bulgur, the only food available at the makeshift charity. One of the workers there, Anas al-Dalu, told the AP that they cook ten pots every day of either rice, beans, or bulgur. But that hardly fills the need for the thousands of people displaced in the area. “The charity here is in a difficult situation. It is a drop in the ocean, and there is no aid or charities. There is nothing," said Nour Kanani, a displaced man from Khan Younis. “It is a crisis in every sense of the word. There is no flour, no charities, and no food.” BEIRUT — Israeli troops fought fierce battles with Hezbollah fighters on Friday in different areas in south Lebanon, including a coastal town that is home to the headquarters of U.N. peacekeepers. A spokesperson for the U.N. peacekeeping force known as UNIFIL told The Associated Press that they are monitoring “heavy clashes” in the coastal town of Naqoura and the village of Chamaa to the northeast. UNIFIL’s headquarters are located in Naqoura in Lebanon’s southern edge close to the border with Israel. “We are aware of heavy shelling in the vicinity of our bases,” UNIFIL spokesperson Andrea Tenenti said. Asked if the peacekeepers and staff at the headquarters are safe, Tenenti said: “Yes for the moment.” Several UNIFIL posts have been hit since Israel began its ground invasion of Lebanon on Oct. 1, leaving a number of peacekeepers wounded.

The Charlotte Hornets will likely be without a key contributor this season. Forward Grant Williams is expected to miss significant time after suffering an injury late in the fourth quarter of Saturday’s game in Milwaukee, which the Bucks won 125-119 . Williams shot 43.9% from the field this season, while averaging 10.4 points, 5.1 rebounds and 2.3 assists in 29.9 minutes of play through the first 16 games. The 10.4 points per game is a career high for the sixth-year player, who was a first-round pick for the Boston Celtics in the 2019 NBA draft. Here's the latest on Williams’ injury: NBA True or False: Answering early season NBA Eastern Conference trends | For the Hoops All things Hornets: Latest Charlotte Hornets news, schedule, roster, stats, injury updates and more. Grant Williams’ injury update The Hornets announced that Williams' MRI results revealed that he tore his anterior cruciate ligament (ACL) tear in his right knee. He is expected to undergo further evaluation of his knee. Williams will be listed as out indefinitely until additional information on his status is provided, according to the team. ESPN reported that Williams also sustained damage to his meniscus and other knee ligaments that would keep him out for the remainder of the season, but the Hornets have yet to confirm this. Grant Williams' responses after injury "Appreciate all the love and support from those who have reached out," Williams said in a post on X. "Time to goto work it’s all we can do." Grant Williams’ career stats Through 5-plus seasons, Williams averages 7.2 points, 3.7 rebounds and 1.5 assists, while shooting 45.2% from the field and 37.7% from 3-point range. Williams played his first four seasons with the Celtics before being traded to the Dallas Mavericks following the 2022-23 season. He was then traded to the Hornets on Feb. 8, 2024.

Percentages: FG .333, FT .714. 3-Point Goals: 4-21, .190 (Jusianiec 1-2, Ivanauskas 1-4, Planutis 1-4, Lemelman 1-5, Gamble 0-1, Lang 0-1, Blunt 0-2, Reichert 0-2). Team Rebounds: 0. Team Turnovers: None. Blocked Shots: 5 (Ivanauskas 3, Martin, Planutis). Turnovers: 6 (Ivanauskas 3, Lemelman, Rathan-Mayes, Reichert). Steals: 7 (Lemelman 3, Martin, Planutis, Rathan-Mayes, Thomas). Technical Fouls: None. Percentages: FG .646, FT .556. 3-Point Goals: 15-21, .714 (Taylor 7-10, Kearney 4-5, Mills 2-2, Springer 1-1, Duskin 1-2, Brown 0-1). Team Rebounds: 5. Team Turnovers: 1. Blocked Shots: 2 (Duskin, Kearney). Turnovers: 11 (Walker 3, Celichowski 2, Mills 2, Brown, Cooper, Kearney, Marshall). Steals: 4 (Duskin 2, Marshall, Taylor). Technical Fouls: None. .Holiday gift ideas for the movie lover, from bios and books to a status tote

Caprock Group LLC Makes New $297,000 Investment in Yum China Holdings, Inc. (NYSE:YUMC)

Iron Is Still The King Of Metals When discussing manufacturing innovation, the attention tends to be concentrated on high tech ( robotics , 3D printing ) or on rare metals and materials, like tungsten , titanium , rhodium , etc. (follow the links for detailed investment reports for each). In the end, while important, these advancements do not change the fact that the bulk of the materials we use are much simpler—and no metal is as essential to modern life as iron. Iron and steel are key materials required in massive quantities for infrastructure (bridges, reinforced concrete, etc.), logistics and transportation (cars, railroads, trains, harbors, ships), and countless industrial uses (pipes, storage tanks, furnaces, etc.). Iron oxides can come from minerals like hematite, limonite, magnetite, pyrite, goethite, and more, and approximately 90% of all metal that is refined nowadays is iron. Source: FTM Machinery Luckily, iron is very abundant on Earth (5% of the Earth's crust by weight) and in the universe at large. However, turning it into a usable form can be a very energy-intensive and time-consuming process. So it is big news that Chinese researchers have announced that they found a method to boost a central step in iron making, with productivity up 3,600 fold . How Is Iron Made? Pure iron is produced from iron-rich ore, which is turned into purer metal through the process of smelting. From the primitive, low-temperature smelter of Antiquity, more advanced furnaces were developed in the Middle Ages and in modern times to produce iron more efficiently at temperatures as high as 1,400° to 1,500° C (2,550° to 2,700° F). This hot, purified iron is often directly sent to the steel plant for steel production, reducing heat loss. Even with modern methods, iron smelting in blast furnaces is a long process, which takes 5-6 hours. This makes it very energy-consuming, with the high temperature needed to be maintained throughout the entire process, usually done with coal or natural gas. This also makes iron and steel production a large consumer of fossil fuels and an equally large emitter of greenhouse gases. Iron and steel production are responsible for as much as 7% of total CO2 emissions , more than the entire EU emissions. Today, most of the global steel production is located in China, which produces more than 55% of the world’s total steel production, followed by India (7% of total steel production). Source: GMK Center Both China and India mostly use coal to produce iron and steel, making their production processes particularly large emitters of CO2. Hydrogen To Replace Coal? In order to replace coal, green steel manufacturing methods have been proposed, with the best candidate being using hydrogen instead of coal to reach the required high temperatures. The problem is that so far, only very high-quality iron ore can be used with hydrogen. Cheaper ore with lower iron content would be required to compensate for the higher costs of hydrogen compared to coal. This is true, at least in blast furnaces, but a new process, called flash iron smelting, could be different. Flash Iron The process was described by Chinese researcher Professor Zhang Wenhai and his team in a paper published in the peer-reviewed journal Nonferrous Metals. It claims to complete the iron-making process in just three to six seconds, compared to the five to six hours required by traditional blast furnaces. The key idea is that instead of using small pellets of iron ore, it grinds it into a dust of very small particles. This allows for the reaction turning iron ore into pure iron to be near instantaneous, more akin to an explosion than a slow melting of the ore. This results in a flash oxidation of the particle in a few seconds. Source: MDPI Iron Vortex Lance Reducing the iron ore into fine particles is not a very difficult step or complex technology. What is a lot more tricky is injecting it into the smelter safely and efficiently. To solve this issue, Pr. Zhang's team has developed a vortex lance that can inject 450 tonnes of iron ore particles per hour. A reactor equipped with three such lances produces 7.11 million tonnes of iron annually. More importantly, this technology is not just a laboratory experiment but is already entering commercial production. This has not been an overnight success, but the result of long-term efforts started in 2013 when Zhang's team obtained a patent for a flash smelting technology capable of directly producing liquid iron. It took ten years to refine the method and scale it up to a pilot plant, demonstrating that safe, large-scale production was possible. Source: News.com.au It should also be noted that Professor Zhang has experience in changing metallurgical science. He revolutionized copper production with a similar flash smelting technique he applied to copper in the 1970s. He was handed the first prize of the National Science and Technology Progress Award in 2000 and elected to the Chinese Academy of Engineering in 2003. China's Strategic Goals Carbon Emissions As China is the global leader in steel making, the over-reliance of this process on coal has hindered the country’s ambitions to reduce carbon emissions. It also makes its industry highly reliant on imported coal, especially from Australia. So, China has a strong incentive to develop alternative methods and deploy them quickly, especially if it allows the use of hydrogen instead. Combined with its role as a leader in green energy production, China is in a good place to become the leader in green steel production. Reshaping Global Iron Markets? Another thing that makes this method unique is that it works very well for low or medium-yield ores. This could completely reshape the global iron markets. Currently, high-quality, iron-rich ore from Australia is the primary supply of iron to Chinese smelters and steel plants. Source: S&P Global If flash iron smelting with hydrogen is used to replace coal-powered blast furnaces, the domestic supply of lower-quality iron ore could be used instead. The relationship between China and Australia has steadily degraded in the past decade , despite China's dependence on Australian iron. For example, in the 2020 trade war with Australia, iron was excluded from sanctions due to the country's high dependence on it. So, solving this vulnerability could be seen as a strategic imperative by China, regardless of the economic calculus. Iron Mining Company Vale Vale S.A. ( VALE +1.21% ) A decrease in iron smelting costs and carbon emissions could make steel an even more popular material than it is today. When it comes to mining, scale and good geology are everything, with low production costs allowing for higher profits and safety during downturns, which are inevitable in commodity markets. The Brazilian company Vale is the largest producer of iron and nickel in the world, with a total of 323-330 million tons produced in 2024 . The company is also a producer of metals relevant to the “energy transitions,” like copper. While these metals might be important for the future, for now, iron is the core of the company. The company used to be more diversified but re-centered around iron in recent years, having divested $2B worth of various other metal mines and other commodities like palm oil. Source: Vale Large Asset Base Vale qualifies as a medium-sized utility company, operating its own railroad, trains, harbors, and ships to transport ore from extraction to delivery to customers. It also produces a lot of its own energy, as it operates in remote regions and cannot depend on the Brazilian government to do its job properly, especially considering its massive power requirements. This was commonly done with hydropower, as the business of mining is not so different from hydropower construction (earthworks, digging rock with explosives, massive amounts of concrete, heavy machinery, mega construction projects, managing rain, etc.). These infrastructures are complemented by the company’s R&D center, laboratories, hundreds of geologists, training centers, etc. Getting Over Past Liabilities One big risk with a massive mining company like Vale is a massive accident causing massive damage. This is what happened in 2015, with a massive disaster that occurred after a Vale-built dam collapsed. And then a similar incident in 2019. The flooding caused Brazil’s worst environmental disaster to date, killed 19 people, and affected 39 municipalities across two states, burying them in mining waste products . Since then, a lot of similar dams have been repaired and/or improved to avoid another catastrophe during the rainy season. The company has also changed how it operates, having invested $2.5B in four filtration plants to create dry tailing (the crushed rock, dust, and mud) instead of wet tailing requiring dams. So in the future, iron mining activity will no longer create the sort of waste that requires dams at all. The company is also actively repairing its image, insisting on how its mining activity, combined with a large natural reserve financed by the company, is a major contributor in preserving the Brazilian rainforest, others turned into pasturelands in the region. Source: Vale Overall, Vale is now getting over its past trouble with ecological disasters and turning into one of Brazil's most valuable assets and a central supplier of iron to the world, and China in particular, a country with whom Brazil is forging deeper ties through the BRICS commercial network.