Exclusive: Miner Vale misses deadline for power to expand Brazil nickel complex
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Source: Reuters
Vale's Power Consumption Request Denied: Brazilian power grid operator ONS denied Vale's request to increase power consumption at its Onca Puma nickel complex due to a missed deadline, despite Vale's plans to start a second furnace and boost nickel production.
Future Production Goals: Vale aims to raise global nickel production to 250,000 metric tons by 2030, with the new furnace expected to add 15,200 tons annually, while exploring alternatives with ONS to resolve the power issue.
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.
