Vale Indonesia's Production Ramp-up Set to Drive 2026 Earnings Surge -- Market Talk

Dow Jones
2025/12/10

0146 GMT - Vale Indonesia's production ramp-up is poised to drive a 2026 earnings surge, UOB Kay Hian's Benyamin Mikael says in a research report. Its Bahodopi mine starts production in 4Q 2025, followed by the Pomalaa mine in 3Q 2026 and the Sorowako mine in 4Q 2026, boosting saprolite production to 12.9 million wet metric tons and limonite output to 30 million wet metric tons by 2027, the analyst says. The mining company's 2026 earnings are expected to surge by 235%, driven by factors including likely higher nickel matte payable terms from 78% to 82% of the LME price. The brokerage raises the stock's target price to IDR5,200.00 from IDR3,000.00 with an unchanged buy rating. Shares last closed at IDR3,850.00. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

December 09, 2025 20:46 ET (01:46 GMT)

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