Vale Base Metals Raises Copper and Nickel Reserves as Brownfield Expansion Strategy Takes Shape

Vale’s decision to grow copper and nickel reserves through brownfield drilling in Brazil and Canada — rather than pursuing greenfield development — signals a strategic shift with direct implications for long-term copper supply forecasts, nickel market balances, and critical minerals investment.   Vale Base Metals (VBM) Reserve Growth in Numbers: What Vale Reported for 2025 Vale Base Metals (VBM) reported a 6 per cent increase in copper reserves and resources to 53 million tonnes, alongside a 13 per cent rise in nickel reserves and resources to 14 million tonnes in 2025. The gains ca...