淡水河谷铜业务增长显著，加拿大项目成重要支撑

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

淡水河谷铜业务增长显著，加拿大项目成重要支撑

2025-08-04 18:00:04 来源：国外资讯责任编辑：韩泽楷

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淡水河谷(纽约证券交易所代码：VALE)第二季度铜业务表现亮眼，集团铜产量同比增长 18% 至 6.6 万吨，其中加拿大地区铜销量增长 28%，达 2.3 万吨。铜业务强劲增长推动基本金属部门调整后 EBITDA 激增 77% 至 7.21 亿美元，其中铜贡献 5.38 亿美元，成为核心利润来源。

首席执行官 Gustavo Pimenta 在分析师会议上强调，“Vale 2030” 战略以铜增长为核心。近期增长将依托两大项目：巴西 Onça Puma 的第二座熔炉已完成 94% 调试，未来数月投产后每年可新增 1.2 万 - 1.5 万吨铜产能;Para 州的 Bacaba 项目 6 月获初步许可，作为 New Carajás 计划首个里程碑，将为 Sossego 工厂年供应 5 万吨铜，单位资本强度 5400 美元 / 吨，计划 2028 年上半年投产。

加拿大业务为铜增长提供重要支撑，Sudbury operations 铜产量提升，叠加副产品收入增长 20% 至 8510 美元 / 吨，推动成本优化。集团整体虽净运营收入同比下降 11% 至 88 亿美元，但得益于铜等核心业务盈利改善及资本支出降低，经常性自由现金流激增 412% 至 10 亿美元，净债务降至 174 亿美元，处于 100-200 亿美元目标区间。

淡水河谷纽约股价收于 6.71 美元，当日上涨 1.9%，市值达 420 亿美元。

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淡水河谷铜业务增长显著，加拿大项目成重要支撑

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