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（紐交所：VALE）計劃在2028年之前將其銅產量增加至500,000噸，作爲其33億美元資本支出計劃的一部分。
That's up from 326,600 tons in 2023, largely through upgrades to its Salobo and Sossego mines in Brazil.
這比2023年的326,600噸要多很多，主要是通過升級巴西的Salobo和Sossego礦來實現的。
Copper prices have recently surged to new highs, propelled by speculation about future supply shortages.
銅價最近飆升至新高，推動因未來供應短缺的猜測。
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.
據彭博社報道，淡水河谷還計劃增強其在加拿大的銅和鎳生產能力。這一舉動與公司更廣泛的戰略保持一致，旨在抓住銅的需求和轉向綠色能源。
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.
國際銅業協會預測，到2040年全球年消耗量將達到40.9百萬噸。此外，世界金屬統計局預測，到2030年全球每年將出現顯著的600萬噸的供應缺口，相當於2023年全球銅礦產量的27％。
While copper prices are soaring, the nickel market has experienced a different trajectory.
雖然銅價飆升，但鎳市場經歷了不同的軌跡。
Nickel prices skyrocketed in 2022 before plummeting and bottoming out earlier this year, leading to production cuts and even mine closures.
鎳價在2022年飆升，然後在今年早些時候暴跌並達到最低點，導致生產削減甚至礦山關閉。
Despite these challenges, Vale is determined to bolster its nickel production, which peaked in 2016.
儘管面臨這些挑戰，淡水河谷仍決心增強鎳的生產，這一生產在2016年達到了峯值。
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.
由於環保問題導致許可證被暫停，Onca Puma綜合體一直面臨着反覆關閉，這對淡水河谷的鎳產量產生了顯著影響。該礦山去年產出了淡水河谷總鎳產量的約10％。公司正在接近解決它重新開放的問題。
The company has committed $800 million over the next three years under its energy transition metals asset review initiative.
該公司已承諾在未來三年內在其能源轉型金屬資產審查計劃下投資8億美元。
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6.5億美元將用於能力運行率和可靠性改善的投資，餘下的將用於加強巴西Salobo工廠和加拿大Sudbury礦場的表現。
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.
如果該公司成功減少蘇德伯裏的閒置產能，到2026年將可將銅產量提高5％和鎳產量提高10％，爲淡水河谷的EBITDA增加4億美元。
Now Read: Fortescue's Transition To Green Energy Rocked By Falling Iron Ore Prices, Executive Turnover
現在閱讀：力拓的綠色能源轉型受到鐵礦石價格下跌和高層更替的衝擊
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to licensing@benzinga.com to get started!
Benzinga Mining是礦業公司和零售投資者之間的橋樑。聯繫 licensing@benzinga.com開始吧！
Image: Midjourney
圖片：Midjourney
譯文內容由第三人軟體翻譯。