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Vale Base Metals bets on Sudbury and existing mines to drive copper output
Vale Base Metals plans to double its annual copper production to 700,000 tons by 2035, relying heavily on its existing mines and projects, especially in Sudbury. The company aims to achieve this through efficiencies, cost-cutting, and maximizing current assets rather than acquisitions. A significant part of this strategy includes a potential joint venture with Glencore in Sudbury, projected to yield substantial copper output over 20 years.