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21 Jun

Vale allocates $3.3 billion for copper, nickel production

Brazilian miner Vale will spend $3.3 billion to boost its copper and nickel production, which should deliver around $6 billion in value generation. The company expects the investment to expand capacity to 100,000 tonnes of copper and 40,000 t of nickel by 2028, globally. In 2026, annual copper production volumes are forecast to rise by 5% to 375,000-410,000 t, while nickel would rise by 10% to 190,000-210,000 t. Costs would drop by 10% for both minerals, down to …
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