Vale, a global mining powerhouse, has outlined ambitious plans to significantly ramp up its production of two key metals – copper and nickel.
Tripling Copper, Doubling Nickel
Gustavo Pimenta, Vale’s Executive Vice-President for Finance and Investor Relations, revealed that the firm aims to triple its copper production to an impressive 1 million tons. On the nickel front, the goal is set at doubling the current production. A Leading Position in MetalsHighlighting Vale’s dominant role in the industry, Pimenta noted, “Vale maintains a leading position in these metals, standing as the top nickel producer in the West.” He expressed strong confidence in the business’s potential to generate long-term value for all stakeholders.
Demand and Sustainability
Pimenta, speaking at the Siga Seminar on Investments, Governance, and Legal Aspects of Supplementary Pensions, emphasized the enduring demand for these metals. He projected this demand to persist for “several decades”. Moreover, he accentuated Brazil’s capacity to cater to this demand sustainably.
In addition to these metals, Pimenta mentioned that high-quality iron ore production remains a focal area for Vale, particularly types that are more energy-efficient in their consumption.
