VALE:  AN UNIQUE OPPORTUNITY  MARKET PRICE U$S 10.05 VERSUS EARNINGS AND PROSPECT VALUE OF U$S 15

https://www.vale.com/check-out-the-2q24-financials-result

Vale’s performance in 2Q24 Rio de Janeiro, July 25th, 2024. “Our strong operational performance continues quarter after quarter. In Iron Ore Solutions, we achieved record-high second quarter production since 2018, driven mainly by consistent performance at S11D. As part of our strategic objective to become the supplier of choice for low-carbon steel, we are advancing on key growth projects such as Vargem Grande and Capanema, which together will add 30 Mt of capacity in the next twelve months. Additionally, we are pleased to announce a partnership within our Mega Hubs strategy, further strengthening our market position as a competitive direct reduction products supplier. In Energy Transition Metals, we resumed operations at Sossego, Onça Puma, and Salobo. We recently announced Shaun Usmar as the new CEO to lead our copper and nickel business, bringing his extensive mining experience and strategic vision. Lastly, we are proud to have successfully eliminated the B3/B4 dam and we are on track to conclude 53% of the decharacterization program by yearend, reinforcing our commitment to safety and sustainability.” commented Eduardo Bartolomeo, Chief Executive Officer.


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