Vale's Trading Volume Surges 82.42% to 4.56 Billion, Ranked 223rd in Market

Generated by AI AgentAinvest Volume Radar
Monday, Jun 16, 2025 7:37 pm ET1min read

On June 16, 2025, Vale's trading volume reached 4.56 billion, marking an 82.42% increase from the previous day, ranking 223rd in the day's stock market. Vale's stock price rose by 3.81%.

Vale SA has secured a preliminary environmental license for its Bacaba copper project in Brazil's Pará state. This project is designed to extend the operational life of the nearby Sossego mining complex, with an expected average annual copper production of approximately 50,000 tonnes over eight years, starting in the first half of 2028. The company plans to invest around $290 million during the project's implementation phase. This initiative is part of Vale's strategic plan to double its copper production capacity over the next decade.

Vale currently owns 90% of

Base Metals, which encompasses its global nickel and copper assets. The remaining 10% stake was acquired by Manara Minerals, a joint venture between Saudi Arabian miner Ma’aden and Saudi Arabia’s Public Investment Fund, in 2024. This strategic move is expected to significantly enhance Vale's copper production capabilities and market position.

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