The order says Vale’s investment goal is to remain under $6 billion annually as a company

“We should see an increase in investments in copper projects in the coming years to increase production,” Bacchi said during the annual event for analysts and investors. Yes One day, in London. He added that the focus is on operational stability and investment efficiency.

Bacchi also said the company wants to reach a figure of US$20 per ton at the so-called C1 cost next year. This concept takes into account the operating cost from mine to port.

“We can produce high-quality ore, but our strategy is flexibility.”

Vale has prioritized the strategy of providing flexibility to its product range, with the ability to vary the iron ore content depending on demand, according to Rogerio NogueiraExecutive Vice President of Commercial Affairs and Development at the mining company.

When participating in Vale Day in London, Nogueira stated that the company is able to quickly adapt to this reality. “Between 2023 and 2025, we reduce the share of high-grade crude sold. We are able to achieve a premium of US$3 per tonne, ensuring an increase of US$500 million in EBITDA annually. We are very confident that the company is able to deliver value throughout the cycle,” he said.

According to the company’s analysis, the price of iron ore is expected to stabilize at around US$100 per ton in the long term and demand for pellets will grow to 175 million tons by 2030. In contrast, the mining company expects a decline of 160 million tons in demand for iron ore in China between 2025 and 2030.

“The numbers show that the world is experiencing an energy transition,” Nogueira says.