Vale Investor Conference Presentation Deck

BMO 31st Global Metals & Mining Conference Base metals: winner in the energy transition Total Nickel Demand¹ in million tonnes 3.8 0.3 2021 4.9 0.8 1 Includes secondary demand (scrap) 2026 Batteries Other High-Value Ni 6.3 1.9 2031 CAGR (2019-31) 29.9% Stainless Steel Total Copper Demand¹ in million tonnes 29.7 0.7 0.6 2021 EV 33.9 1.3 1.7 2026 Renewables 38.5 3.2 1.6 2031 Other CAGR (2019-31) 20.6% 9.6% Reshaping VALE

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