Vale Investor Day Presentation Deck
Base Metals Transformation
US Megafactories
Current¹
Future
Vale Canada
Mines
Refineries
61
US Megafactory capacity expected growth
GWh
628
57
2020
295
2025
2030
Current
Future
1 GWh =
~0.7kt of nickel²
Well-positioned
to pivot towards North Atlantic EV
m
19
Signed a long-term agreement with OEM to
sell 5% of our Class I nickel to North America
Target to achieve 30-40% of Ni to North America
EV market in the mid-term (up to 5 years)
Developing black mass recycling: positive tests on
nickel and cobalt recoveries
Evaluating options to build a nickel sulphate plant
in Canada
¹ Major Megafactories in 2020. Source: Benchmark Mineral Intelligence (October 2021). 2 Considering current US capacity profile which is nickel-based.
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