Vale lowers copper, nickel output guidance for coming years

Brazilian miner Vale has reduced its production guidance for copper and nickel in the coming years, following a few disruptions and maintenance downtime in 2021, the company said on Monday November 29.

The company now expects 330,000-355,000 tonnes in copper output for 2022, rising to 390,000-420,000 tonnes per year (tpy) in 2023-2026, and surpassing 450,000 tonnes after 2027. For 2021, the guidance was unchanged at 295,000-300,000 tonnes.
In December 2020, it had set a guidance of 455,000 tonnes, in average, for the 2022-2024 period, reaching 500,000 tonnes in 2025.

Spot copper treatment and refining charges (TC/RC) have weakened in recent...


Renato Rostás

November 29, 2021

22:44 GMT

São Paulo