Vale Base Metals targets 700kt copper by 2035, $1B FCF

Vale Base Metals CEO Shaun Usmar reports progress in operational turnaround, citing expansion in Brazil and nickel recovery. The company is on track to generate over $1 billion in free cash flow and increase copper production to 700,000 tons annually by 2035. This signals a strategic shift toward copper as a growth driver, with implications for global copper supply and Vale's valuation.