Vale SA (VALE) has released an update.
Vale S.A. has announced an update to its Energy Transition Metals division estimates, revealing an anticipated expenditure of $800 million over three years to enhance capacity and reliability. The company projects a potential increase in production volume for copper and nickel post-review, with a 5% and 10% uplift respectively by 2026, and a reduction in all-in costs by 10%. Alongside maintaining current guidance, Vale anticipates an incremental EBITDA of approximately $400 million by 2026, with significant value creation stemming from the asset review initiatives.
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