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Vale SA ( (VALE) ) just unveiled an announcement.
On January 23, 2025, Vale S.A. announced that its subsidiary, Vale Base Metals, has initiated a strategic review of its mining and exploration assets in Thompson, Manitoba, potentially considering a sale. This review is part of a broader effort to optimize the asset base of Vale Base Metals and is expected to conclude in the second half of 2025. The Thompson operations, which have been producing nickel since 1956, include two underground mines and have contributed significantly to Vale’s finished nickel production, with 10.5 thousand metric tons produced over the 12-month period ending in the third quarter of 2024.
More about Vale SA
Vale S.A. is a leading mining company primarily involved in the production and exploration of nickel and other base metals. The company operates globally with a significant focus on maintaining a competitive vertically integrated nickel portfolio.
YTD Price Performance: 1.13%
Average Trading Volume: 31,368,798
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $38.31B
See more insights into VALE stock on TipRanks’ Stock Analysis page.
