Vale Investor Conference Presentation Deck

Re-rating }| Iron Ore Briquette to boost steel decarbonization In-house, exclusive technology Decades of experience with agglomerates Technology patented' in 47 countries Less CO2 emissions Blast furnaces: reduction of over 10% in BF-BOF route² Direct reduction furnaces: 80% less vs. pelletizing process³ 3 plants under construction A US$ 185-million investment in Brazil, ~7 M tpy capacity 5 other plants under analysis, up to 50 Mtpy capacity 1 Patented or in submission process. Considering substitution of sintering. ³ Considering scope 1 and 2. Briquetting process also has 99% less SOx, 75% less NOx and 20% less particulates emissions than pelletizing process. September 2021 Iron ore briquettes

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