Business UpdateJun 9, 2026, 09:36 AM
Vale Updates VBM's Long-Term EBITDA Contribution to 28%
AI Summary
Vale S.A. announced an update to the indicative guidance for its subsidiary, Vale Base Metals Ltd. (VBM). The potential contribution of VBM to Vale's consolidated EBITDA in the long term is now estimated at approximately 28%. This estimate is based on the 2026 average prices of copper, nickel, and gold, derived from sell-side analysts' estimates from May 2026. All other estimates previously disclosed in the Company's Reference Form remain unchanged, and the form will be refiled to reflect this update.
Key Highlights
- Vale updated its indicative guidance for Vale Base Metals Ltd. (VBM)'s contribution to consolidated EBITDA.
- VBM's potential contribution to Vale's consolidated EBITDA in the long term is now estimated at approximately 28%.
- The estimate is based on 2026 average prices of copper, nickel, and gold.
- Prices are derived from sell-side analysts' estimates available in May 2026.
- All other estimates disclosed in the Company's Reference Form remain unchanged.
- The Reference Form will be refiled with this update in due course.
Price Impact
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