Vale Investor Conference Presentation Deck
14
BMO 31st Global Metals & Mining Conference
Nickel
Key foundation for establishing North American EV supply chain
US Megafactory capacity expected growth
GWh
628
57
2020
295
2025
2030
Current
Future
O
1 Major Megafactories in 2020.
Source: Benchmark Mineral Intelligence (October 2021).
US Megafactories
O Current¹
Future
Vale Canada
Mines
Refineries.
BED
Reshaping
Increase supply of EV market metals in North America,
targeting to achieve 30-40% of Ni market in the mid-term
Fully utilize existing production assets, producing best in class
products with opportunities to further optimize.
Develop partnerships through the value chain, communities
and rightsholders.
Develop black mass recycling: advancing quickly both
sourcing and returning sustainable metals.
Evaluate options to build a nickel sulphate plant in North
America, as a first mover to leverage larger growth potential
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