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Vale to spend $3.3bn to grow copper and nickel production
Brazilian mining company Vale plans to invest $3.3bn (17.93bn reais) to increase copper and nickel production capacities in Brazil and Canada, Bloomberg reported. This investment, spread over the next four years, aims to significantly boost output, particularly of copper, by 2028. The company aims to expand copper production capacity to approximately 500,000t by 2028. The target is set to be achieved primarily through enhancements at the Salobo and Sossego mines in Brazil. Last year, Vale’s copper production stood at 321,000t, indicating a substantial planned increase. Nickel production is also set to benefit from ... (full story)