Browsing Tag
Vale S.A.
2 posts
Vale Base Metals IPO reportedly shelved as $24.6bn valuation benchmark meets surging copper earnings
Vale has reportedly put the Vale Base Metals IPO on hold indefinitely after preparing the copper-and-nickel unit for a potential 2026 listing. The decision comes after VBM generated $3.36 billion of 2025 adjusted EBITDA and another $2.49 billion in the first half of 2026. Manara Minerals’ earlier 10% investment implied roughly $24.6 billion of equity value, making the postponed listing as much a valuation decision as a political one.
Why did Vale cancel its $231m Quebec nickel sulfate facility despite earlier commitments?
Vale cancels its $231M Quebec battery metals project after GM delays expansion—find out how this reshapes North America’s EV supply chain.