Vale To Boost Copper, Nickel Production With $3.3B Investment
Vale To Boost Copper, Nickel Production With $3.3B Investment
Vale SA (NYSE:VALE) plans to increase its copper production to 500,000 tons by 2028 as part of a $3.3-billion capital expenditure plan.
淡水河谷（纽交所：VALE）计划在2028年之前将其铜产量增加至500,000吨，作为其33亿美元资本支出计划的一部分。
That's up from 326,600 tons in 2023, largely through upgrades to its Salobo and Sossego mines in Brazil.
这比2023年的326,600吨要多很多，主要是通过升级巴西的Salobo和Sossego矿来实现的。
Copper prices have recently surged to new highs, propelled by speculation about future supply shortages.
铜价最近飙升至新高，推动因未来供应短缺的猜测。
Vale, according to Bloomberg, also plans to enhance its copper and nickel production capabilities in Canada. This move aligns with the company's broader strategy to capitalize on copper demand and transition to green energy.
据彭博社报道，淡水河谷还计划增强其在加拿大的铜和镍生产能力。这一举动与公司更广泛的战略保持一致，旨在抓住铜的需求和转向绿色能源。
The International Copper Association forecasts a global consumption of 40.9 million tons annually by 2040. Additionally, the World Bureau of Metal Statistics predicts a significant global deficit of 6 million tons per annum by 2030, equivalent to 27% of the 2023 global mine output of copper.
国际铜业协会预测，到2040年全球年消耗量将达到40.9百万吨。此外，世界金属统计局预测，到2030年全球每年将出现显著的600万吨的供应缺口，相当于2023年全球铜矿产量的27％。
While copper prices are soaring, the nickel market has experienced a different trajectory.
虽然铜价飙升，但镍市场经历了不同的轨迹。
Nickel prices skyrocketed in 2022 before plummeting and bottoming out earlier this year, leading to production cuts and even mine closures.
镍价在2022年飙升，然后在今年早些时候暴跌并达到最低点，导致生产削减甚至矿山关闭。
Despite these challenges, Vale is determined to bolster its nickel production, which peaked in 2016.
尽管面临这些挑战，淡水河谷仍决心增强镍的生产，这一生产在2016年达到了峰值。
The Onca Puma complex has faced repeated shutdowns due to license suspensions over environmental concerns, significantly influenced Vale's nickel output. This mine produced around 10% of Vale's total nickel last year. The company is nearing the resolution about its re-opening.
由于环保问题导致许可证被暂停，Onca Puma综合体一直面临着反复关闭，这对淡水河谷的镍产量产生了显著影响。该矿山去年产出了淡水河谷总镍产量的约10％。公司正在接近解决它重新开放的问题。
The company has committed $800 million over the next three years under its energy transition metals asset review initiative.
该公司已承诺在未来三年内在其能源转型金属资产审查计划下投资8亿美元。
Of this, $650 million will be invested in capacity run rate and reliability improvements, with the remainder allocated to enhance the performance at the Salobo plant in Brazil and Sudbury mine in Canada.
其中6.5亿美元将用于能力运行率和可靠性改善的投资，余下的将用于加强巴西Salobo工厂和加拿大Sudbury矿场的表现。
If the company successfully reduces idle capacity at Sudbury, it could boost copper output by 5% and nickel output by 10% by 2026, adding $400 million to Vale's EBITDA.
如果该公司成功减少苏德伯里的闲置产能，到2026年将可将铜产量提高5％和镍产量提高10％，为淡水河谷的EBITDA增加4亿美元。
Now Read: Fortescue's Transition To Green Energy Rocked By Falling Iron Ore Prices, Executive Turnover
现在阅读：力拓的绿色能源转型受到铁矿石价格下跌和高层更替的冲击
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to licensing@benzinga.com to get started!
Benzinga Mining是矿业公司和零售投资者之间的桥梁。联系 licensing@benzinga.com开始吧！
Image: Midjourney
图片：Midjourney