This post was originally published on this site.Vale’s (NYSE: VALE) base metals unit aims to triple pre-tax profit to $5 billion this year, up from about $1.3 billion in 2024, when the business also consumed around $2 billion in cash, CEO Shaun Usmar says. The push reflects sweeping cost reductions, an overhaul of operating accountability after years of missed production targets and about $10 billion in capital project overruns over 18 years, as well as stronger copper prices. Vale’s third-quarter results show its average realized copper price rose 56% year over year to $15,314 per tonne, outpacing a 44% increase...
BlockchainNovember 10, 2026November 10, 2026
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