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General Motors Co.
GM,
has discussed taking a small stake in Brazilian miner Vale SA’s
VALE,
base metals unit, a business that mines and processes nickel and other metals crucial to building electric vehicle batteries, according to people familiar with the matter.
Vale said in December it would consider selling up to a 10% stake in the business, without disclosing a potential sale price. A stake of that size could be valued at as much as $2 billion, according to some of the people.
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