Vale's Performance in 3Q22

Vale's Performance in 3Q22: Opening remarks Business and Financial highlights Iron Ore Base Metals Climate change Focusing and strengthening the core • • • Iron ore production increased 21% q/q to 89.7 Mt C1 cash cost ex-3rd-party purchases decreased US$1.5/t q/q Nickel production increased 51% q/q while nickel sales lagged due to 4Q commitments Copper production increased 33% q/q, following extended maintenance Sol do Cerrado solar project is commissioning; ramp up until Jul/23 Two battery-powered 72t off-road trucks delivered Decarbonization MoU¹ signed with Germany steelmaker Stahl-Holding-Saar Opening of the Copper Cliff Complex South Mine Project - Phase 1 (CCM 1) Onça Puma 2nd furnace approval Reorganization of base metals in Brazil US$ 3.1 billion dividend paid in September 2022 Capital allocation • 25.2% of current buyback program completed² 1 Memorandum of Understanding. Also includes nondisclosure agreements to decarbonize ironmaking process. 2 As of Oct 28th, 2022. Approximately 126 million repurchased shares (25% of 3rd announced program) VALE

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