Vale SA, the Brazilian mining giant, has announced an update to its copper all-in cost estimates for the year 2024. The new forecasted range is between $2,900 and $3,300 per ton, which is a reduction from the previous estimate of $3,300 to $3,800 per ton. This update was disclosed in a press release dated October 24, 2024. Vale emphasized that these figures are projections and should be viewed as hypothetical data, not as a guarantee of future performance. The company also noted that these estimates are subject to change due to market factors outside of its control. Vale reassured investors that all other financial guidances remain unchanged and that it will refile item 3 of its Reference Form in accordance with CVM Resolution No. 80. The press release also contained a cautionary note about forward-looking statements, highlighting the various risks and uncertainties that could affect the actual results, including factors such as the global economy, capital markets, and competition in the mining sector.

Vale SA, the Brazilian mining giant, has announced an update to its copper all-in cost estimates for the year 2024. The new forecasted range is between $2,900 and $3,300 per ton, which is a reduction from the previous estimate of $3,300 to $3,800 per ton. This update was disclosed in a press release dated October 24, 2024. Vale emphasized that these figures are projections and should be viewed as hypothetical data, not as a guarantee of future performance. The company also noted that these estimates are subject to change due to market factors outside of its control. Vale reassured investors that all other financial guidances remain unchanged and that it will refile item 3 of its Reference Form in accordance with CVM Resolution No. 80. The press release also contained a cautionary note about forward-looking statements, highlighting the various risks and uncertainties that could affect the actual results, including factors such as the global economy, capital markets, and competition in the mining sector.