에 대한 최신 뉴스 Vale (NYSE:VALE) 주식

Vale

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in energy transition metals, its base metals business, likely the first step in separating base metals and iron ore.

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VALE

세계 최대 광산 기업 두 곳인 리오 틴토 PLC(NYSE:RIO)와 발리 SA(NYSE:VALE)는 수요일에 4분기 실적을 보고할 예정이다. 이들 두 주식 모두 낙관적인 기술적 신호를 보였지만 투자자들은 어느 주식이 더 강력한 실적 후 궤적을 가지고 있는지 면밀히 관찰할 것이다.

리오 틴토 vs 발리: 두 광산주 모두 4분기 실적을 앞두고 낙관적인 기술적 신호를 암시

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브라질의 광산 대기업인 발레 SA(NYSE:VALE)는 새로운 CEO인 구스타보 피멘타(Gustavo Pimenta) 아래에서 구리 생산을 대폭 늘리겠다는 의지를 밝혔다.

브라질의 발레: 구리 생산량 확대 계획 및 국내 주요 광물에 1억 8,400만 달러 투자

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호주의 다국적 광산업체인 BHP 그룹(NYSE:BHP)가 경쟁사인 앵글로 아메리칸(OTC:NGLOY)에 제출한 약 400억 달러 입찰은 이 회사를 인수하기에 충분하지 않을 수 있다. 왜냐하면 구리 자산에 대한 전 세계적 쟁탈전 속에서 다른 다각화된 광산업체들이 아마도 경쟁 입찰을 할 것이기 때문이다.

구리는 HOT한 상품: BHP의 &#39;인수 제안&#39; 후 앵글로 아메리칸에 대한 입찰 경쟁 예상

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Vale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) short percent of float has fallen 8.71% since its last report. The company recently reported that it has 93.86 million shares sold short, which is 2.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Vale Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746799233_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vale has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Vale's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Vale's peer group average for short interest as a percentage of float is 5.89%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Vale?

VALE S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) shares are trading lower on Friday. On Thursday, the company reported <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/53207d1c-63b4-48f1-96b7-19869fae19fe/d48b666d-268f-8226-ffa4-8dae96818831?origin=2" rel="noreferrer noopener">a decline in first-quarter</a> net operating revenue of&nbsp;4%&nbsp;year over year (Y/Y) to&nbsp;$8.119 billion, beating the consensus of&nbsp;$8.03 billion.
Sales from Iron ore rose 4% year over year, copper grew 7% year over year, and nickel surged 18% year over year.
The company produced 67.7 million tonnes (Mt) of iron ore, which was down 4.5% year over year. Production in the Northern System <a target="_blank" href="https://www.benzinga.com/25/04/44836101/vale-q1-mixed-iron-ore-output-falls-4-amid-heavy-rains-copper-and-nickel-output-gains" rel="noreferrer noopener">was constrained by heavy rainfall</a>.
The average realized iron ore fines price declined&nbsp;10%&nbsp;year over year to&nbsp;$90.8/t due to lower premium levels. Copper and nickel all-in costs stood at&nbsp;$1,212/t and&nbsp;$15,730/t, respectively, in the quarter.&nbsp;
Adjusted EPS of 33 cents missed&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of 39 cents</a>. Proforma EBITDA declined&nbsp;8%&nbsp;Y/Y to&nbsp;$3.2 billion&nbsp;in the quarter due to lower iron ore and nickel prices.
Capital expenditure fell&nbsp;16%&nbsp;Y/Y to&nbsp;$1.2 billion&nbsp;in the quarter. As of March 31, cash and cash equivalent stood at&nbsp;$3.96 billion.
The company approved&nbsp;$1.979 billion&nbsp;in dividends and interest on capital.&nbsp;
Gustavo Pimenta, CEO, said,&nbsp;"Our value-accretive projects continue to progress, being essential elements towards enhancing our portfolio flexibility and improving operational and cost efficiency."
"Additionally, we have been consistently optimizing our balance sheet through asset-light solutions, such as the transaction that created the strategic joint venture at Alianca Energia, which will also help us deliver on our long-term decarbonization goals.
"The current macroeconomic environment and market volatility reinforce the importance of our Vale 2030 strategy, whereby we are building an even more competitive company that can thrive in any market condition."
Outlook: Vale continues to see iron ore production of 325-335 Mt for FY25 and 340-360 Mt&nbsp;in&nbsp;FY26, driven by the expected full capacity of Vargem Grande 1 and Capanema projects in the first half of 2026.
Investors can gain exposure to the stock via&nbsp;VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) and&nbsp;IShares Latin America 40 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILF#NYSE">ILF</a>).
Price Action: VALE&nbsp;shares&nbsp;are down 0.62%&nbsp;at&nbsp;$9.69 premarket at the last check Friday.
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Photo by SERGIO V S RANGEL via Shutterstock

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VALE Q1 Revenue Slides, Profit Dips On Lower Iron Ore Prices

Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.39 by 15.38 percent. This is a 15.38 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $8.12 billion which beat the analyst consensus estimate of $8.03 billion by 1.10 percent. This is a 4.02 percent decrease over sales of $8.46 billion the same period last year.

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Vale Q1 EPS $0.33 Misses $0.39 Estimate, Sales $8.12B Beat $8.03B Estimate

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Shares of metals and materials stocks are trading higher following US Treasury Secretary Scott Bessent's reported remarks about trade de-escalation with China. De-escalation with China could reduce demand uncertainty.

RBC Capital analyst Marina Calero downgrades Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) from Outperform to Sector Perform and lowers the price target from $12 to $11.

Downgrades

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RBC Capital Downgrades Vale to Sector Perform, Lowers Price Target to $11

VALE S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) reported the first-quarter FY25 <a target="_blank" href="https://www.benzinga.com/topic/mining" rel="noreferrer noopener">production and sales performance</a> on Tuesday.
The company clocked iron ore production of 67.7 million tonnes (Mt), which was down 4.5% year over year (Y/Y), with production in the Northern System constrained by heavy rainfall.
Pellet production declined 15% Y/Y to 7.2 Mt primarily due to reduced availability of pellet feed in the quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43795425/rio-tinto-vs-vale-a-mining-showdown-ahead-of-q4-earnings" rel="noreferrer noopener">Rio Tinto Vs. Vale: Both Mining Stocks Show Bullish Technical Signals Ahead Of Q4 Earnings</a>
In the first quarter, Vale's iron ore sales increased 3.6% Y/Y to 66.1 million tonnes, aided by the sale of advanced inventories built-up in previous quarters.
The average realized price for iron ore fines was $90.8 per tonne (-9.8% Y/Y), primarily due to lower premium levels.
Similarly, the average pellet price declined 18.1% year over year to $140.8 per tonne, reflecting weaker contractual premiums during the quarter.
Meanwhile, Iron ore sales increased 4% year over year to 66.1 Mt, driven by an agile supply chain and strategic use of inventories.
Also, Copper production rose 11% Y/Y to 90.9 kt, with a strong performance from Salobo, Sossego, and Voisey's Bay thanks to the Salobo 3 and Voisey's Bay underground expansions.
Additionally, Nickel production surged 11% year over year to 43.9 kt, led by increased production at Onça Puma and solid results from Canadian operations, further enhanced by VBME's progress.
In February, Vale reported fourth-quarter net operating revenue decline of 22% Y/Y to $10.124 billion, beating&nbsp;the&nbsp;<a target="_blank" href="https://www.benzinga.com/25/02/43858670/vale-q4-lower-iron-ore-prices-weigh-on-earnings-approves-198-billion-in-dividends-interest-on-capital-renewed-buyback-program" rel="noreferrer noopener">consensus of $10.117 billion</a>.
Investors can gain exposure to the stock via VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) and iShares Latin America 40 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILF#NYSE">ILF</a>).
Price Action: VALE shares are up 0.22% at $9.15 premarket at the last check Wednesday.
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</ul>
Photo by SERGIO V S RANGEL via Shutterstock

Vale Q1 Iron Ore Output Falls 4.5% Amid Heavy Rains, Copper And Nickel Output Gain

B of A Securities analyst Caio Ribeiro upgrades Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) from Neutral to Buy and raises the price target from $11 to $11.5.

Upgrades

B of A Securities Upgrades Vale to Buy, Raises Price Target to $11.5

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Shares of companies within the broader materials sector are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

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Shares of companies within the broader materials sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Vale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) short percent of float has fallen 4.53% since its last report. The company recently reported that it has 107.91 million shares sold short, which is 2.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.56 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Vale Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743453928_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vale has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Vale's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Vale's peer group average for short interest as a percentage of float is 5.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Investing in dividend-paying stocks has long been a popular investment strategy for those seeking to generate <a href="https://www.benzinga.com/markets/25/03/44244110/how-this-59-year-old-investor-built-a-real-estate-portfolio-that-generates-105kper-month-in-passive">passive income</a> and build long-term wealth.
A well-constructed portfolio provides a cash flow stream and the potential for capital appreciation over time for the investor, so many are seeking advice online on this matter. For many individuals, <a href="https://www.benzinga.com/markets/25/01/43372321/im-39-and-built-900k-in-7-years-dividend-investor-eyes-retirement-by-55-with-explosive-income-shares">dividend</a> investments are charming because of their ability to compound returns, especially when reinvested. Yet, building a portfolio to reap these benefits requires discipline, patience, and a good strategy.
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And this is what a Reddit user has done. The investor recently shared his success story in a community on the discussion board, revealing that he&#8217;s crossed the $12,895 per year in dividends milestone. This achievement, which took him nearly three years to accomplish, brings him an extra $1,000 per month in passive income.
&#8220;It took me almost three years to get to this point… I have the feeling it's gonna really start taking off from here! Pretty pumped!&#8221; the investor wrote.
The investor&#8217;s portfolio consists of over 18 stocks and funds, each contributing to the $12,895 annual dividend income. Let&#8217;s explore the poster&#8217;s top 10 favorite holdings below.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">$12,895/Year in Dividend Income: Top 10 Stocks and Funds That Contribute to This Sum</h2>
ZIM Integrated Shipping Services
Israeli shipping company ZIM Integrated Shipping Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) operates globally and has benefited from high freight rates. ZIM has an annual dividend yield of approximately 39.60%.
TORM Plc
Based in Denmark, TORM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMD#NASDAQ">TRMD</a>) is a container shipping company that transports refined oil products. Investors like TRMD because of its high dividend history and exposure to global oil transport. The company pays 36.66% in dividends.
Mesabi Trust
With an annual dividend yield of 25.84%, Mesabi Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSB#NYSE">MSB</a>) is a royalty trust that makes revenue from iron ore production in Minnesota, with distributions based on the mining company's earnings. Individuals invest in MSB because of the exposure to commodities it offers and the high dividends it pays.
Medical Properties Trust
A real estate investment trust, Medical Properties Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) pays investors 5.48% annually in dividends. MPW owns hospitals and leases them to operators, and has a history of strong dividend paying.
VOC Energy Trust
VOC Energy Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOC#NYSE">VOC</a>) is a royalty trust earning revenue from oil and gas production in Texas and Kansas. VOC pays investors approximately 22.71% in annual dividends and is sought especially during high oil prices.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
Amplify High Income ETF
Paying 12.58% in dividends, Amplify High Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YYY#NYSE">YYY</a>) is an ETF focused on high-income closed-end funds, offering diversified high-yield exposure.
Abrdn Income Credit Strategies Fund
Another closed-end fund, Abrdn Income Credit Strategies Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACP#NYSE">ACP</a>) invests in high-yield bonds and credit securities. ACP pays investors approximately 18.73% in dividends.
Vale S.A.
Vale&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) is a Brazilian mining giant focused on iron ore, nickel, and copper, and one of the largest iron ore producers globally. VALE has an annual dividend yield of around 7.76%.
Verizon Communications
With a dividend yield of around 6.21%, Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) is a major U.S. telecom company providing wireless and broadband services. Investors like VZ because of its stable, defensive stock with a long history of dividend growth.
Aker BP ASA
Aker BP ASA is a Norwegian oil and gas company focusing on offshore production in the North Sea. Paying investors approximately 12.1% in annual dividends, AKRBF has solid payouts and growth potential.&nbsp;
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Shares of base metals stocks are trading higher amid overall market strength and as investors assess US tariffs on steel and aluminum.

Vale's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) short percent of float has fallen 15.06% since its last report. The company recently reported that it has 113.19 million shares sold short, which is 2.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.17 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Vale Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741976121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Vale has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Vale's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Vale's peer group average for short interest as a percentage of float is 5.58%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

What's Driving the Market Sentiment Around Vale?

The global iron ore market could increase production over the next five years, with output surging as high as 2.92 billion tons by 2029. This trend could put additional pressure on leading <a target="_blank" href="https://www.benzinga.com/topic/australia" rel="noreferrer noopener">exporters like Australia</a>, whose currency has declined by around 20% against the U.S. dollar since 2015.
Per Mining Weekly, BMI's latest <a target="_blank" href="https://www.miningweekly.com/article/iron-ore-production-to-accelerate-over-next-five-years-bmi-2025-03-11" rel="noreferrer noopener">report</a> expects iron output to grow at an annual rate of 2.5% until 2029—more than double the 1.2% growth it saw over the previous five years. Expansion of existing mines and new projects, like Guinea's Simandou, which BMI highlights as a long-term milestone, should drive this growth.
However, the report also warns that geopolitical instability and resource nationalism could cause delays, and after 2029, a lower price environment could push production into stagnation.
Global iron ore exports increased by 2% in 2024, reaching approximately 1.6 billion tons. Australia maintained its position as the world's top exporter, shipping 866 million tons—an increase of 1.4% year-over-year.
Brazil followed with 390 million tons, marking a 2.6% rise, while South Africa shipped 61 million tons, up 3.4%. China, the world's largest importer, brought in a record 1.24 billion tons in 2024, a 4.9% increase driven by stable steel production and lower prices for Australian fines.
Major mining companies also saw production increases in 2024. BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) boosted output by 3% to 290 million tons, Fortescue Metals Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSUMF#OTC">FSUMF</a>) increased supply by 2% to 194 million tons, and Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) achieved a 2% rise to 328 million tons, its highest level since 2018.
Meanwhile, India's exports declined as domestic demand surged by 4% to 242 million tons, driven by growth in steel, pellet, and sponge iron production.
BMI has set an optimistic forecast for Brazil, expecting its ore production to rebound following a contraction around 2020. The firm forecasts a 3.1% average annual growth from 2025 to 2029, with output increasing from 463 million tons to 528.7 million tons.
This growth is expected to continue beyond 2030 as planned projects contribute to further expansion.
Still, China is expected to lag in market growth, boosting its output by 1% this year. Despite its effort to reduce reliance on ore imports, it faces a cost problem owing to lower-grade ore. India's iron ore production is projected to grow by 2% in 2024, reaching 284 million tons, but growth is expected to slow after 2025, with output forecasted to hit 306.5 million tons by 2034.
Australia, the global leader in iron ore, is set to increase output by 2.5% in 2025, with expansion projects such as Mineral Resources' Onslow Iron and Fortescue's Iron Bridge contributing to growth.
Yet, Rio Tinto has faced challenges due to resource depletion at Paraburdoo and adverse weather, with cyclones expected to impact shipments by 13 million tons in Q1 2025.
While cornerstone projects like Simandou offer a supply boost, declining prices and competitive pressures could reshape the industry – particularly if decarbonization efforts gain stronger momentum.
Price Watch: VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) is up 4.33% year-to-date.
Read Next:&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44216408/dr-congo-explores-a-minerals-for-security-deal-with-the-us" target="_blank" rel="noreferrer noopener">DR Congo Explores Minerals-For-Security Deal With The US</a></li>
</ul>
Photo: BJP7Images via Shutterstock

FSUMF

Iron Ore Production To Accelerate Until 2030, Study Says

Shares of companies within the broader materials sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

Shares of copper stocks are trading higher after US President Donald Trump reportedly suggested imports of the metal could be subject to a 25% tariff. Copper is now trading at a 9-month high.

Vale shares are trading higher following a Q4 revenue beat.

VALE S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) shares are surging on Thursday. On Wednesday, the company reported net operating revenues decline of 22% year over year to $10.124 billion, beating&nbsp;<a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/53207d1c-63b4-48f1-96b7-19869fae19fe/ef08c06a-f29a-9272-3ba5-283e7e3c6617?origin=1" rel="noreferrer noopener">the</a> consensus of $10.117 billion.
Iron ore shipments declined by 9.1 Mt Y/Y due to portfolio optimization focusing on higher-margin products. The average realized iron ore fines price declined 21% Y/Y to $93/t due to lower benchmark prices.
Copper and nickel all-in costs stood at $1,098/t and $13,881/t, respectively—the lowest since fourth-quarter 2020 for copper and since first-quarter of 2022 for nickel.&nbsp;
Proforma EBITDA declined 40% Y/Y to $4.1 billion in the quarter due to a decline in iron ore prices and sales volumes. Adjusted EPS of 20 cents missed <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">the consensus of 43 cents</a>.
Capital expenditure fell 17% Y/Y to $1.77 billion in the quarter. As of December 31, cash and cash equivalent stood at $4.95 billion.
The company approved $1.984 billion in dividends and interest on capital, set for payment in March 2025, representing an annualized dividend yield of 10.4%.  Additionally, Vale renewed the share buyback program for 18 months, allowing for the repurchase of up to 120 million shares.
Gustavo Pimenta, CEO, said,&nbsp;"We are pleased to report a strong operational and financial performance in 2024, underscored by the highest iron ore production since 2018 and record copper production at Salobo. Our disciplined approach to cost and operational&nbsp;effeciency&nbsp;has driven significant improvements, with our C1 at&nbsp;US$ 18.8/t&nbsp;in Q4, the lowest level since 2022.&#8221;
&#8221;Regarding safety and dam management, we have made meaningful progress by eliminating four additional dams in 2024 and completing 57% of our dam&nbsp;decharacterization&nbsp;program. This year, we expect to remove the last dam at emergency level 3. We begin 2025 highly optimistic about our ability to meet our annual targets and advance our strategic priorities."
Outlook: Vale sees iron ore production of 325-335 Mt for FY25 and 340-360 Mt&nbsp;<a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/53207d1c-63b4-48f1-96b7-19869fae19fe/37cb9949-5288-05dd-c822-c29e1b9fe0f4?origin=1" rel="noreferrer noopener">in</a> FY26, driven by project ramp-ups and the start-up of the Serra Sul +20 project.
For 2025, all-in costs&nbsp;are projected&nbsp;to be $53-$57/t, with a further decline to $50-$54/t in 2026. This reduction is owing to lower C1 cash costs, supported by efficiency improvements, increased production, and a shift&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">toward higher-quality products</a>.
Investors can gain exposure to the stock via&nbsp;VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) and&nbsp;IShares Latin America 40 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILF#NYSE">ILF</a>).
Price Action: VALE sharse are up 3.75% at $10.11 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43821214/trump-calls-for-more-tariffs-federal-reserve-minutes-on-deck-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Trump Calls For More Tariffs, Federal Reserve Minutes On Deck: What&#8217;s Driving Markets Wednesday?</a></li>
</ul>
Photo via Shutterstock.

Dividends

Buybacks

Movers

VALE Q4: Lower Iron Ore Prices Weigh on Earnings, Stock Buyback Renewal And More

Stocks tumbled Thursday, with all major indices in the red, one day after the S&amp;P 500 notched another all-time high in Wednesday&#8217;s trading session. Investors are weighing uncertainty surrounding tariff policies and disappointing guidance from Walmart while digesting new<a href="https://www.benzinga.com/markets/forex/25/02/43843332/global-markets-mixed-dollar-dips-as-traders-react-to-trumps-tariff-plans-global-markets-today-while-us-slept"> initial jobless claims data.</a>
Mega-retailer Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)&#8217;s shares dropped after the company issued fiscal 2026 guidance below analyst expectations, despite fourth-quarter results beating expectations.
Retail investor darling Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) added to Wednesday&#8217;s declines <a href="https://www.benzinga.com/25/02/43849289/whats-going-on-with-palantir-stock-thursday">following a report </a>that the Trump administration told the Pentagon to prepare for sweeping budget cuts and CEO Alex Karp filed a new trading plan to sell up to $1.2 billion shares.
Read Next:<a href="https://www.benzinga.com/25/02/43836832/trump-administration-orders-sweeping-pentagon-cuts-defense-sector-stocks-on-watch"> Trump Administration Orders Sweeping Pentagon Cuts: Palantir, Lockheed Martin, General Dynamics Among Stocks On Watch</a>
Initial jobless claims rose by 5,000 to 219,000, above expectations of 215,000, while continuing claims rose to 186,900 in the first week of February.
WTI crude oil futures rose above $72 per barrel on Thursday, extending its streak of gains to four days as supply concerns outweighed a rise in U.S. stockpiles, according to TradingEconomics. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 1.09% to $97,695. The yield on the 10-year US Treasury note pulled back slightly to 4.5%.
<h2 class="wp-block-heading">Thursday's Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,911.27</td>
<td>-0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,101.27 </td>
<td>-0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,036.44</td>
<td>-1.32%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,252.49</td>
<td>-1.31%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.67% to $608.82. </li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was down 1.26% at $441.02</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.7% to $535.72. </li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) was down 1.17% to $223.79. </li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) fell 1.39% to $223.10.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;rose 0.6% to $92.57. </li>
</ul>
<h2 class="wp-block-heading">Thursday's Stock Movers:&nbsp;</h2>
Cruise stocks Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCHL#NYSE">NCHL</a>) tumbled, leading consumer discretionary stocks lower. The SPDR Select Sector Fund &#8211; Consumer Discretionary (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) fell 1.44%. 
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)&nbsp;</li>
<li>Vale S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>)&nbsp;</li>
<li>B2Gold Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BTG#AMEX">BTG</a>)</li>
<li>Exact Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>)</li>
<li>Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>)</li>
<li>Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) </li>
<li>Taseko Mines, Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TGB#AMEX">TGB</a>)&nbsp;</li>
<li>Shake Shack, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) </li>
<li>Materialise NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTLS#NASDAQ">MTLS</a>) </li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) </li>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) </li>
<li>Jumia Technologies AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) </li>
<li>Birkenstock Holding Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) </li>
<li>Sabre Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SABR#NASDAQ">SABR</a>) </li>
<li>Ardelyx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDX#NASDAQ">ARDX</a>) </li>
</ul>
Companies reporting after Thursday's closing bell include:&nbsp;
<ul>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) </li>
<li>Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) </li>
<li>Iamgold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) </li>
<li>The RealReal, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) </li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) </li>
<li>Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) </li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) </li>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) </li>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) </li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">Robert F. Kennedy, Vaccine Skeptic, Confirmed As Trump&#8217;s Secretary Of Health: Health Care Stocks To Watch</a></li>
</ul>
Image: Shutterstock.

Market Summary

Bonds

Broad U.S. Equity ETFs

Econ #s

General

$BTC

ARDX

BABA

BIRK

BKNG

CELH

CVNA

SPDR Dow Jones Industrial Average ETF Trust

EXAS

JMIA

MELI

MTLS

NCHL

NCLH

PLTR

REAL

RIVN

SABR

SHAK

Select Sector SPDR-Consumer Discretionary

Palantir Rally Loses Steam, Walmart Outlook Disappoints: What's Driving Markets Thursday?

Vale CEO Say He Sees Limited Impacts of Possible Tariffs From The U.S. Since It Does Not Sell Much Iron Ore To The Country; Vale Could Be Affected if Tariff War Leads To Lower Global Growth, but We're Not There Yet;  Vale Sees Oversupply Of Nickel From Indonesia Lowering Prices And Is Carrying Out Optimization Of Assets To Improve Profitability Of Nickel Sales

Nickel Prices Poised for Long-Term Rally, Canada Ripe to Benefit

Canada Poised to be a Nickel Powerhouse & These Companies Lead the Charge

Small Cap

Opinion

Press Releases

This Mystery Metal Has Skyrocketed by 200% in 2024

This Metal Saw Prices increase 200% in 2024 - It Could Happen Again in 2025

Vale Base Metals complete Voisey's Bay transition to underground mining

This Little-Known Metal Overtook Gold And Silver in 2024

Vale Base Metals launches strategic review for Thompson mine as part of global optimization

Global Interest in Nickel Mining Booming as Demand Skyrockets Around the World

CSE:FNI

CSE:QIMC

FANCF

FNICF

GLCNF

QIMCF

TSLA

TSX:RAMP

TSX:TLO

TSXV:FAN

TSXV:NNX

TSXV:RAMP

Ascent Industries

Alpha Metallurgical Resources, Inc. Common Stock

Alpha Metallurgical

Cleveland-Cliffs

Commercial Metals

Carpenter Technology Corporation Common Stock

Carpenter Tech

Gerdau

Warrior Met Coal

Hongli Group

Ramaco Resources, Inc. - Class A Common Stock

Ramaco Resources

Ramaco Resources, Inc. - Class B Common Stock

Mesabi Tr

ArcelorMittal

Metallus

Nucor

POSCO HOLDINGS INC. American Depositary Shares (Each representing 1/4th of a share of Common Stock)

POSCO Holdings

Radius Recycling, Inc. - Class A Common Stock

Radius Recycling

Reliance

Ryerson Holding

Companhia Siderurgica Nacional S.A. Common Stock

Companhia Siderurgica

Steel Dynamics

SunCoke Energy

Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value)

Ternium

Worthington Steel

United States Steel Corporation Common Stock

United States Steel

Olympic Steel

CICC

RBC Capital

B of A Securities

Scotiabank

세계 최대 광산 기업 두 곳인 리오 틴토 PLC(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>)와 발리 SA(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>)는 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">수요일에 4분기 실적</a>을 보고할 예정이다.



이들 두 주식 모두 낙관적인 기술적 신호를 보였지만 투자자들은 어느 주식이 더 강력한 실적 후 궤적을 가지고 있는지 면밀히 관찰할 것이다.



<h2 class="wp-block-heading">리오: 강세지만 저항선에 직면</h2>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="629" height="470" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18191441/image-156.png" alt="" class="wp-image-787800" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18191441/image-156.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18191441/image-156-300x224.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></figure>



<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021825&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">벤징가 프로를 사용하여 만든 차트</a>



리오의 주식은 올해 들어 9.21% 상승했으며 주식 거래는 강력한 기술 지표인 8일, 20일 및 50일 단순 이동 평균(SMA) 이상으로 거래되었다.



그러나 여전히 200일 단순 이동 평균(SMA)인 64.55달러보다 낮아 추가적인 상승 여력이 있을 수 있음을 시사한다. 상대 강도 지수(RSI)가 66.54인 리오 주식은 과매수 영역에 접근하고 있으며 매도 압박으로 인해 실적 발표 후 약세로 이어질 수 있다.



또한 읽기: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43432736/copper-stocks-on-shaky-ground-jpmorgan-analysts-say-tariffs-deepseek-cloud-outlook" target="_blank" rel="noreferrer noopener">JP모건 분석가들은 구리 주식이 흔들리고 있다고 언급: 관세, 딥시크 클라우드 전망</a>



<h2 class="wp-block-heading">발리: 더욱 강력한 반등?</h2>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="629" height="470" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18192045/image-157.png" alt="" class="wp-image-787806" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18192045/image-157.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18192045/image-157-300x224.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></figure>



<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021825&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021825&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">벤징가 프로를 사용하여 만든 차트</a></a>



발리은 지난 한 해 동안 26.3%의 엄청난 상승세를 보인 후 올해 현재까지 올해 들어 10.47%의 상승률로 리오를 능가했다. 리오 틴토와 마찬가지로 발리는 단기 이동 평균 이상으로 거래되어 강세 모멘텀을 나타낸다. 그러나 RSI는 69.71로 리오보다 높아 과매수 수준에 가깝다.



10.55달러의 200일 SMA는 저항선으로 작용할 수 있으며, 투자자들은 실적이 돌파에 필요한 촉매제를 제공하는지 지켜볼 것이다.



<h2 class="wp-block-heading">투자자 시사점</h2>



기술적으로 발리는 더 공격적인 반등과 더 높은 RSI로 인해 더 강력해 보이지만 과열 위험도 더 높다.



한편 리오틴토의 200일 SMA에서의 매도 압박과 저항선은 잠재적인 보합을 시사한다.



어떤 광산업자가 상승세를 이어갈 수 있는 추진력을 갖고 있는지 결정하는 데 있어 실적은 핵심이 될 것이다. 발리의 결과가 인상적이라면 200일 저항선을 돌파할 수 있는 반면 리오의 성과는 매도 압박에 대한 우려를 상쇄해야 할 것이다.







다음 읽기:



<ul>
<li><a href="https://www.benzinga.com/25/02/43492445/critical-metal-demand-to-triple-by-2030-but-demographics-pose-risks" target="_blank" rel="noreferrer noopener">2030년까지 중요 금속 수요가 3배로 증가하지만 인구통계학적으로 인해 위험이 따른다.</a></li>
</ul>



Image: Shutterstock



Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

브라질의 광산 대기업인 발레 SA(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>)는 새로운 CEO인 구스타보 피멘타(Gustavo Pimenta) 아래에서 <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noopener" data-google-interstitial="false">구리</a> 생산을 대폭 늘리겠다는 의지를 밝혔다.
<a href="https://www.benzinga.com/news/24/08/40597248/vale-selects-cfo-gustavo-pimenta-as-new-ceo-ending-turbulent-succession-process">혼란스러운 후계 선정 과정</a>을 거쳐 CEO가 된 전직 CFO인 피멘타는 자신의 새로운 역할에 대해 처음으로 언론과 인터뷰했다. 그는 발레가 업계 동종 업체들에 비해 &#8216;구리 부문에서 뒤처졌다&#8217;는 사실을 <a href="https://www.bloomberg.com/news/articles/2024-10-02/vale-backs-brazil-critical-minerals-fund-in-nod-to-government">인정</a>했지만 그 격차를 줄일 계획이라고 블룸버그가 보도했다.
올해 발레는 320,000~355,000톤의 구리를 생산할 것으로 예상한다. 이는 규모 관련 업계 동종 업체들의 생산량보다 훨씬 낮은 수치이다. 피멘타는 다른 옵션을 고려하기 전에 브라질, 캐나다 및 인도네시아의 자산 생산량을 약 500,000톤으로 늘릴 계획이다.
발레는 구리 생산량을 늘리는 것 외에도 글로벌 에너지 전환에 필수적인 전략적 광물에 대한 투자에 중점을 두고 있다. 이 회사는 브라질 정부로부터 국내 투자 증가를 호소하는 압력을 받아 왔다.
브라질 개발은행 BNDES와 협력하여, 발레는 약 1억 8,400만 달러를 니켈과 코발트와 같은 광물에 주력하는 주니어 및 중견 기업들에 투자할 것이다. 이는 전기차 및 재생 에너지 기술에 필수적이다. 또한, 2015년 댐 붕괴의 후유증은 여전히 <a href="https://www.benzinga.com/markets/equities/24/01/36799749/brazilian-judge-slams-mining-giants-vale-and-bhp-with-9-67b-charges-over-dam-collapse-report">상당한 재정적 및 법적 합의</a>를 요구하고 있어 회사 자원에 부담을 주고 있다.
하지만, 발레의 구리 시장 경쟁 기업들은 가만히 있지 않다. 배릭(Barrick)은 잠비아 룸와나(Lumwana) 광산의 생산량을 늘리고 확장에 <a href="https://www.benzinga.com/news/24/09/40851842/barrick-to-complete-feasibility-study-for-lumwana-mine-expansion-start-construction-in-2025">20억 달러를 투자</a>해 왔으며, 2028년까지 구리 생산량을 연간 240,000톤으로 두 배로 늘릴 예정이다. 배릭은 파키스탄의 레코 디크(Reko Diq) 프로젝트도 진행 중이며, 구리와 금 생산량을 더욱 늘릴 계획이다.
한편, 호주 광산업체 BHP는 구리를 <a href="https://www.benzinga.com/news/large-cap/24/10/41114374/bhp-sees-trend-reversal-in-copper-growth-warns-recycling-wont-be-enough">주요 성장 축으로</a> 인식하고 있으며, 2050년까지 글로벌 수요가 70% 증가할 것으로 예상하고 있다. BHP는 기존 운영 및 오크 댐(Oak Dam)과 같은 잠재적 신규 프로젝트에 집중하여 구리 포트폴리오를 확장하고, 노후화된 광산과 광석 등급 하락 문제를 해결하고 있다.
구리가 녹색 기술 전환의 핵심 금속으로 강조되고 있는 가운데, 발레의 새로운 경영진은 수십억 달러 규모의 프로젝트에 전념하고 있는 경쟁사들과의 격차를 좁히기 위해 많은 노력을 기울여야 한다.
다음 읽기: 
• <a href="https://kr.benzinga.com/news/global/%EC%9C%A0%EA%B0%80-%EC%83%81%EC%8A%B9-%EB%B0%94%EC%9D%B4%EB%93%A0-%EC%9D%B4%EC%8A%A4%EB%9D%BC%EC%97%98%EA%B3%BC-%EC%9D%B4%EB%9E%80-%EC%8B%9C%EC%84%A4-%ED%83%80%EA%B2%A9%EC%97%90-%EB%8C%80%ED%95%9C/" target="_blank" rel="noopener">유가 급등: 바이든, 미국이 이란 시설 타격 관련 이스라엘과 &#8216;논의&#8217; 중이라고 확인</a>
사진: Shutterstock
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

호주의 다국적 광산업체인 <a href="https://www.benzinga.com/quote/BHP" target="_blank" rel="noopener">BHP</a> 그룹(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>)가 경쟁사인 앵글로 아메리칸(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTC">NGLOY</a>)에 제출한 약 400억 달러 입찰은 이 회사를 인수하기에 충분하지 않을 수 있다. 왜냐하면 구리 자산에 대한 전 세계적 쟁탈전 속에서 다른 다각화된 광산업체들이 아마도 경쟁 입찰을 할 것이기 때문이다.
작년에 호주 구리 생산업체인 OZ 미네랄(OZ Minerals)의 64억 달러 인수를 완료한 후, BHP는 세계 경제가 화석 연료에서 전환함에 따라 앞으로 수요가 크게 증가할 것이라는 광범위한 기대 속에서 구리에 대한 투자를 두 배로 늘리고 있다.
태양광, 풍력 발전소, 전기 자동차에는 기존 유틸리티 및 내연 기관 자동차보다 더 많은 구리가 필요하다.
투자 컨설팅 회사인 델타 캐피털 매니지먼트(Delta Capital Management)의 설립자인 숀 캐스터라인(Sean Casterline)은 Benzinga에 &#8220;이것은 세계 청정 에너지 운동의 핵심인 구리 및 기타 금속에 ​​대한 쟁탈전으로 인해 추진된 산업용 금속을 통합하려는 최신 움직임&#8221;이라고 말했다.
이미 세계 최대의 광산 회사인 BHP는 현재 칠레의 국영 코델코(Codelco)와 미국의 대형 기업인 프리포트 맥모란(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)에 이어 세 번째로 큰 구리 생산업체이다. 앵글로 아메리칸과의 합병으로 BHP는 선두 위치로 올라설 것이다.
RBC 캐피털 마켓의 분석가는 &#8220;우리의 견해로는 구리 자산이 제안된 거래의 주요 동인이라고 생각한다&#8221;라고 말했다.
<h1 class="wp-block-heading">경쟁 입찰 가능성 높다</h1>
BHP는 런던에 본사를 둔 앵글로 아메리칸에 주당 25.08파운드(32.27달러)를 제안했으며 앵글로 아메리칸은 이 제안을 검토 중이라고 밝혔다. 이번 전체 주식 거래는 앵글로 아메리칸의 가치를 311억 파운드(389억 달러)로 평가하며 이 영국 회사가 남아프리카에 상장된 앵글로 아메리칸 플래티넘(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANGPY#OTC">ANGPY</a>) 및 쿰바 철광석(Kumba Iron Ore Ltd.)(OTC:<a class="ticker" href="https://www.benzinga.com/stock/KIROY#OTC">KIROY</a>)의 지분을 분할하는 데 달려 있다.
이번 제안은 앵글로 아메리칸의 런던 상장 주식에 대해서는 14% 가량의 프리미엄을, 그리고 동사의 백금 및 철광석 부문을 제외한다면 31% 가량의 프리미엄을 나타낸다.
그러나 이에 대해 여러 분석가들은 이게 충분하지 않을 수도 있다고 말했다.
또한 읽어볼 것: <a href="https://www.benzinga.com/markets/asia/24/04/38090219/will-copper-reach-10-000-an-essential-metal-that-faces-an-uncertain-future">구리는 1만 달러에 달할까? ‘불확실한 미래를 맞닥뜨리는 귀중한 금속&#8217;</a>
앵글로 아메리칸의 주가는 최근 너무 하락했기 때문에 이사회와 주주들은 아마도 BHP가 구리 사업을 운영하고 있는 칠레와 페루에서의 이 회사 구리 자산을 포함한 회사의 가치를 BHP의 제안이 과소평가한 것으로 생각할 것이다. 앵글로 아메리칸의 주가는 운영 문제, 실망스러운 생산 전망, 다이아몬드 및 플래티넘 그룹 시장의 부진으로 인해 어려움을 겪고 있다.
BHP의 제안은 &#8220;앵글로 이사회나 주요 주주를 끌어들이기에 충분하지 않은 소심하고 다소 복잡한 입찰&#8221;이라고 리버룸(Liberum)의 분석가 벤 데이비스(Ben Davis)가 말했다. BHP의 제안 이후 그는 앵글로의 목표 가격을 27.50파운드(34.41달러)로 높였다. 이는 제안이 공식적으로 공개되기 전 주식 종가에서 거의 25% 상승한 수치입니다.
제프리스(Jefferies)의 분석가들은 회사 간의 진지한 논의를 위해서는 주당 최소 28파운드(35.04달러)의 가격이 필요할 것이며 주당 30파운드(37.54달러)를 넘는 테이크아웃 가격은 입찰 전쟁의 결과가 될 것이라고 말하면서 더 높이 올렸다.
&#8220;만약 BHP가 실제로 이 거래를 계속 추진한다면 다른 입찰자가 나오지 않는다면 우리는 놀랄 것이다&#8221;라고 이 회사가 말했다. &#8220;이 게임이 시작되는 것을 보자.&#8221;
RBC 캐피털 마켓의 분석가들은 이 회사의 구리 자산을 결합할 때 얻을 수 있는 잠재적 이점 때문에 다각화된 채굴업체 글렌코어(OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLNCY#OTC">GLNCY</a>)를 하나의 논리적 입찰자로 선정했다. 이 회사는 브라질 철광석 자산 결합의 매력 때문에 발리(NYSE:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/vale" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for VALE">VALE</a>)도 가능성으로 내세웠다.
데이비스는 다국적 광산 기업인 리오 틴토(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>)를 중요한 후보로 꼽았다. 하지만 그는 이 회사가 광산을 구매하는 것보다 광산을 건설하는 것을 선호하는 것으로 유명하다고 지적했다.
<h1 class="wp-block-heading">금광 회사들의 구리 자산 확장</h1>
구리 인수가 매력적인 이유 중 하나는 처음부터 새로운 구리 광산을 건설하는 데 비용이 많이 들고 시간이 많이 걸린다는 것이다.
허가를 받기 어려운 미국이나 현지 시위 이후 최근 법원 판결로 대규모 구리 광산을 폐쇄해야 하는 파나마와 같은 다른 관할권에서는 특히 그렇다고 폴라리스 캐피털(Polaris Capital)의 포트폴리오 매니저인 제이슨 크로쇼(Jason Crawshaw)가 말했다. 폴라리스 캐피털은 구리 광산업체인 런딘 마이닝 코퍼레이션(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LUNMF#OTC">LUNMF</a>)와 안토파가스타(Antofagasta) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANFGF#OTC">ANFGF</a>)에 투자하고 있다.
그는 벤징가(Benzinga)에게 &#8220;자산 쟁탈전이 벌어지고 있다&#8221;고 말했다. &#8220;모두는 항상 구리에 더 많이 노출되기를 원한다.&#8221;
금광 회사들조차 구리 자산을 더 확대하는 데 관심을 갖고 있다.
작년에 미국에 본사를 둔 금광 메이저인 뉴몬트(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)는 호주의 금광업체인 뉴크레스트 마이닝(Newcrest Mining Ltd.)을 거의 170억 달러에 인수하여 거의 500억 파운드에 달하는 구리 매장량과 자원을 단번에 추가했다.
한편, 캐나다에 본사를 둔 경쟁사인 배릭 골드(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)는 2028년 공장 생산 확대를 목표로 잠비아 구리 광산을 확장하기 위해 약 20억 달러를 지출하고 있다.
구리 생산업체에 대한 다양한 노출을 원하는 투자자는 Global X Copper Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>), Sprott Copper Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPP#NASDAQ">COPP</a>), Sprott Junior Copper Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPJ#NASDAQ">COPJ</a>) 및 iShares Copper and Metals Mining ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICOP#NASDAQ">ICOP</a>)를 고려할 수 있다.
이제 읽어보세요: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37924793/rising-copper-prices-portfolio-review-make-underperforming-anglo-american-stock-a-p">구리 가격 상승, 포트폴리오 검토로 결과가 나오지 않는 앵글로 아메리칸 주식</a>
사진: 앵글로 아메리칸의 칠레 구리 광산 사진 (출처: 앵글로 아메리카의 플리커)

구리는 HOT한 상품: BHP의 '인수 제안' 후 앵글로 아메리칸에 대한 입찰 경쟁 예상

<h4 class="wp-block-heading">2024년 4월 17일의 주요 뉴스:</h4>
<ol>
<li>피츠버그 방문 중, 조 바이든 대통령은 중국산 철강과 알루미늄 수입품에 25% 관세를 부과하고 미국의 철강 부문에 힘을 실어줄 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38292245/biden-to-announce-tariff-hikes-on-chinese-steel-aluminum-imports-another-hit-to-rea">새로운 무역정책을 발표할 계획이다. </a></li>
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이번 조치는 일부 제품에 대한 미국 관세를 25%로 3배 이상 인상하고 다른 제품의 관세를 0% 또는 7.5%에서 인상함으로써 중국의 &#8216;불공정한&#8217; 무역 관행으로부터 미국 제조업 일자리를 보호하기 위한 것이다.
미국의 무역대표부 대표인 캐서린 타이는 현행 관세를 검토한 후 최종 조치를 결정할 것이다.
중국 철강과 알루미늄은 미국 시장에서 작은 부분(17억 달러)을 차지하지만 이러한 정책은 잠재적인 수입 증가와 경쟁 압력으로부터 미국 제조업체를 보호하기 위한 것이다.
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<li>로얄 골드(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>)는 판매량, 감가상각비 및 상각비(DD&amp;A), 세율을 예측하는 2024년 지침을 발표했다.</li>
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이 회사는 금 215,000~230,000온스, 은 320만~380만 온스, 구리 1,400만~1,600만 파운드, 기타 금속 1,700만~2,000만 달러를 판매할 것으로 예상하고 있다.
DD&amp;A(감가상각, 감모 및 상각; Depreciation, Depletion and Amortization) 비용은 1억 4,100만 달러에서 1억 5,700만 달러 사이로 예상되며 유효 세율은 17%~22%이다.
상품 가격 변동성을 고려하여 가이던스는 금 환산 온스로 수익을 전환하는 대신 실물 판매 및 로열티 수익에 중점을 두어 투명성을 높이는 것을 목표로 한다.
이기업도 읽어보기: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38292100/freeport-mcmoran-vs-teck-resources-which-copper-stock-has-more-upside">프리포트 맥모란 대 테크 리소시스 — 어느 구리 주식의 리스크가 더 큰가</a>
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<li>발리(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>)의 1분기 실적은 철광석 매출이 전년 동기 대비 15% 증가한 63.8톤을 기록했으며, 생산량은 S11D 및 기타 계획의 운영 개선으로 인해 6% 증가한 70.8톤을 기록했다.</li>
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펠릿 생산량은 주로 살로보(Salobo) 3 증설로 인해 2% 증가한 8.5톤으로, 구리 생산량은 22% 증가한 81,900톤으로 나타났다.
그러나 니켈 생산량은 주로 온카 푸마(Onça Puma) 용광로 재구축으로 인해 4% 감소한 39,500톤을 기록했지만 이는 캐나다와 인도네시아의 생산량 증가로 인해 부분적으로 완화되었다.
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<li>콤파니아 데 미나스 부에나벤투라 (Compania de Minas Buenaventura)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>)은 여러 생산 목표를 충족하거나 초과한 1분기 결과를 발표했다.</li>
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탐보마요(Tambomayo)는 은 생산량이 낮았음에도 불구하고 고품위 지역의 채굴로 인해 금, 납 및 아연 예측을 능가했다.
오코팜파(Orcopampa)와 코이몰라체(Coimolache)의 금 생산량은 예상치와 일치했고, 코이몰라체는 환경 허가 문제로 인해 지연에 직면했다.
훌카니(Julcani)와 우축차쿠아(Uchucchacua)는 은, 납 및 아연의 생산 목표를 충족시켰고, 윰팍(Yumpag)은 운영 허가를 받은 후 예상보다 빨리 은 가공을 시작했다.
엘 브로칼(El Brocal)의 구리 생산량은 목표에 도달했으며, 은 생산량은 늘어나고 아연 품위는 낮아졌다. 납과 아연 사업은 하루 10,500톤의 지하 채굴량을 목표로 유지보수 중이다.
사진: Asiandelight via Shutterstock

RGLD

수요일 주요 광업 뉴스: 중국산 철강 및 알루미늄에 대한 25% 관세, 로얄 골드, 발리 등

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