Vale Results Presentation Deck

C1 mainly impacted by lower volume, FX and fuel prices C1 cash cost ex-third-party purchase (US$/t) 16.5 4Q21 1.5 0.7 1.3 Fixed cost Demurrage Inventories dilution effect Internal effects -0.2 Others 17.6 1Q22 (ex. external effects) 0.8 FX -0.3 Fuel External effects 18.7 1Q22 VALE

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