U.S. COMPANY FILING
Vale S.A. — Form 6-K filed 2025-09-10
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Vale updated its 2025 capital investment guidance on September 10, 2025, lowering total CAPEX to $5.4-5.7 billion from ~$5.9 billion, with growth investment ~$1.5 billion and maintenance ~$4.1 billion. By business, Iron Ore Solutions ~$3.9 billion and Energy Transition Metals ~$1.7 billion. The company introduced first-time sales estimates for new products Mid-Grade Carajás (~25 Mt) and PFC (~24 Mt). It also discontinued disclosing sales mix estimates for Iron Ore Solutions to pursue greater portfolio flexibility.
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