Brazil's Vale confirms $12 billion investment in Carajas complex through 2030 By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
0mins
Source: Investing.com
Investment Announcement: Brazilian miner Vale will invest 70 billion reais ($12.26 billion) in its Carajas complex through 2030, aiming to increase iron ore production to 200 million tons per year and copper production by 32% to about 350,000 tons.
Event with President: Vale plans to hold an event with Brazilian President Luiz Inacio Lula da Silva to provide further details on the investment plan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
