# EDGAR Filing Document

**Accession Number:** 0000917851
**File Stem:** 0001292814-26-000189
**Filing Date:** 2026-1
**Character Count:** 61974
**Document Hash:** a9826a25f22c334e9a9f0b1f0f39f088
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001292814-26-000189.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001292814-26-000189

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 9

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vale S.A.
- **CENTRAL INDEX KEY:** 0000917851
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15030
- **FILM NUMBER:** 26567198

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** PRAIA DE BOTAFOGO, 186
- **CITY:** RIO DE JANEIRO
- **PROVINCE COUNTRY:** D5
- **BUSINESS PHONE:** 55 21 3485-3900

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** PRAIA DE BOTAFOGO, 186
- **CITY:** RIO DE JANEIRO
- **PROVINCE COUNTRY:** D5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Companhia Vale do Rio Doce
- **DATE OF NAME CHANGE:** 20051108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VALLEY OF THE RIO DOCE CO
- **DATE OF NAME CHANGE:** 20020129

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VALLEY OF THE DOCE RIVER CO
- **DATE OF NAME CHANGE:** 19950602

United States

Securities and Exchange Commission

Washington, D.C. 20549

**FORM 6-K**

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the

Securities Exchange Act of 1934

For the month of

January 2026

**Vale S.A.**

Praia de Botafogo nº 186, 18º andar, Botafogo<br> 22250-145 Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

(Check One) Form 20-F ⌧ Form 40-F ◻

![](image_003.jpg)

**<br>** 

<br> ---

| |
|:---|
| &nbsp;&nbsp;&nbsp;• **Vale delivered strong operational results in 2025 across all business segments, exceeding its production guidances set at the beginning of the year. Iron ore and copper output reached their highest levels since 2018, at 336 Mt and 382 kt, respectively, and nickel production was the strongest since 2022, at 177 kt, supported by the ramp-up of key projects and continued operational stability.** |
| &nbsp;&nbsp;&nbsp;• Iron ore production totaled 90.4 Mt in Q4, 6% (5.1 Mt) higher y/y, driven by Brucutu's robust performance and the continued ramp-up of the Capanema and VGR1 projects. Pellets output totaled 8.3 Mt in Q4, 9% (0.8 Mt) lower y/y, reflecting market conditions. Iron ore sales reached 84.9 Mt in Q4, up 5% (3.7 Mt) y/y, consistent with higher production volumes. |
| &nbsp;&nbsp;&nbsp;• Copper production totaled 108.1 kt in Q4, 6% (6.3 kt) higher y/y, the highest quarterly production since 2018. This increase reflects the all-time-high production at Salobo and consistent operational performance at Sossego and Canadian polymetallic assets. |
| &nbsp;&nbsp;&nbsp;• Nickel production totaled 46.2 kt in Q4, 2% (0.7 kt) higher y/y, driven by the successful commissioning of Onça Puma's 2<sup>nd</sup> furnace and Voisey's Bay underground mines ramp-up. |

---

**![](image_002.jpg)Highlights**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** | **Production Summary** |
| **000' metric tons** | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** | **2025**<br> **original guidance³** | **2025**<br> **current guidance** | **2026**<br> **guidance** |
| Iron ore<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;90403 | 85279 | 6.0% | 94403 | -4.2% | 336075 | 327675 | 2.6% | 325-335 Mt | ~335 Mt | 335-345 Mt |
| Pellets | 8325 | 9167 | -9.2% | 7997 | 4.1% | 31356 | 36891 | -15.0% | 38-42 Mt<sup>2</sup> | ~31 Mt² | 30-34 Mt² |
| Copper | 108.1 | 101.8 | 6.2% | 90.8 | 19.1% | 382.4 | 348.2 | 9.8% | 340-370 kt | ~370 kt | 350-380 kt |
| Nickel | 46.2 | 45.5 | 1.5% | 46.8 | -1.3% | 177.2 | 159.9 | 10.8% | 160-175 kt | ~175 kt | 175-200 kt |

---

<sup>1</sup> Including third-party purchases, run-of-mine and feed for pelletizing plants. <sup>2</sup> Iron ore agglomerates guidance, including iron ore pellets and briquettes. ³ Guidance released on December 3, 2024, no longer applicable.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sales Summary** | | | | | | | | |
| **000' metric tons** | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| Iron ore | 84874 | 81196 | 4.5% | 85997 | -1.3% | 314358 | 306652 | 2.5% |
| &nbsp;&nbsp;&nbsp;Fines<sup>1</sup> | 73566 | 69912 | 5.2% | 75020 | -1.9% | 273027 | 260314 | 4.9% |
| &nbsp;&nbsp;&nbsp;Pellets | 9056 | 10067 | -10.0% | 8769 | 3.3% | 32801 | 38300 | -14.4% |
| &nbsp;&nbsp;&nbsp;ROM | 2251 | 1216 | 85.1% | 2208 | 1.9% | 8530 | 8038 | 6.1% |
| Copper | 106.9 | 99.0 | 8.0% | 90.0 | 18.8% | 367.8 | 327.2 | 12.4% |
| Nickel | 49.6 | 47.1 | 5.3% | 42.9 | 15.6% | 172.8 | 155.2 | 11.3% |

---

<sup>1</sup> Including third-party purchases.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Price Realization Summary** | **Price Realization Summary** | **Price Realization Summary** | **Price Realization Summary** | **Price Realization Summary** | **Price Realization Summary** | **Price Realization Summary** | **Price Realization Summary** | **Price Realization Summary** |
| **US$/t** | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| Iron ore fines (CFR/FOB, wmt) | 95.4 | 93.0 | 2.6% | 94.4 | 1.1% | 91.6 | 95.3 | -3.9% |
| Iron ore pellets (CFR/FOB, wmt) | 131.4 | 143.0 | -8.1% | 130.8 | 0.5% | 134.0 | 154.6 | -13.3% |
| Copper<sup>1</sup> | 11003 | 9187 | 19.8% | 9818 | 12.1% | 9763 | 8811 | 10.8% |
| Nickel | 15015 | 16163 | -7.1% | 15445 | -2.8% | 15556 | 17078 | -8.9% |

---

<sup>1</sup> Average realized price for copper operations only (Salobo and Sossego). Average realized copper price for all operations, including copper sales originated from nickel operations was US$11,025/t in 4Q25 and US$9,653/t in 2025.

---

| | |
|:---|:---|
| – **1 –** | ![](image_004.jpg) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Iron ore all-in premium** | **Iron ore all-in premium** | **Iron ore all-in premium** | **Iron ore all-in premium** | **Iron ore all-in premium** | **Iron ore all-in premium** | **Iron ore all-in premium** | **Iron ore all-in premium** | **Iron ore all-in premium** |
| **US$/t** | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| All-in premium - Total | 0.9 | 4.6 | -80.4% | 2.1 | -57.1% | 1.5 | 2.1 | -28.6% |
| &nbsp;&nbsp;&nbsp;Iron ore fines quality and premiums | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.3) | 1.0 | n.a. | 0.7 | n.a. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.4) | -71.4% |
| &nbsp;&nbsp;&nbsp;Pellets business' contribution<sup>1</sup> | 1.1 | 3.6 | -69.4% | 1.4 | -21.4% | 1.9 | 3.5 | -45.7% |

---

<sup>1</sup> Weighted average contribution.

---

| | |
|:---|:---|
| – **2 –** | ![](image_004.jpg) |

---

**Iron ore and pellets operations**

&nbsp;&nbsp;&nbsp;&nbsp;• **Northern System: production decreased by 6.5 Mt y/y**, totaling 44.8 Mt in the quarter, impacted by (i) Serra Norte's run-of-mine availability, partly offset by the positive effects of the product portfolio adjustment in the mine plan, and (ii) scheduled maintenance activities at S11D. **S11D achieved a record output of 86.0 Mt in 2025**, driven by ongoing operational performance improvements. ![](image_005.jpg)

• **Sout heastern System: production increased by 4.4 Mt y/y**, reaching 23.9 Mt in the quarter,
supported by the higher run-of-mine availability at Brucutu, and the ramp-up of the Capanema project, which delivered 3.0 Mt in the quarter,
in line with plan. The Capanema project is expected to reach full capacity in 2Q26.

&nbsp;&nbsp;&nbsp;&nbsp;• **Southern System : output was 4.6 Mt higher y/y** at
13.5 Mt in the quarter, driven by (i) improved performance at the Vargem Grande Complex, supported by VGR1 project ramp-up and the solid
performance at Pico and (ii) enhanced performance at the Paraopeba Complex, supported by the higher output at Fábrica and Mutuca.

&nbsp;&nbsp;&nbsp;&nbsp;• **Pellet s: output was 0.8 Mt lower y/y**, reflecting adjustments
in production levels in response to current market conditions. The pellet feed, which would have been used as input for the pelletizing
plants, was redirected to iron ore fines sales, optimizing value generation across the product portfolio. The São Luís
pellet plant remained under maintenance during the quarter, and Vale will assess the timing of a potential resumption based on market
conditions.

&nbsp;&nbsp;&nbsp;&nbsp;• **Iron ore sales totaled 84.9 Mt**,
3.7 Mt higher y/y, in line with production growth.

&nbsp;&nbsp;&nbsp;&nbsp;• The **all-in premium reached US$0.9/t, down US$1.2/t q/q**,
driven by a lower contribution from low-alumina products as a result of lower market premiums during the quarter. Given current market
conditions and flexibility of its product portfolio, Vale continues to prioritize offering medium-grade products such as our new Mid-grade
Carajás, blended products (BRBF), and concentrated products in China (PFC), aiming at maximizing the margin and value generation.

&nbsp;&nbsp;&nbsp;&nbsp;• The **average realized iron ore fines price was US$95.4/t, US$1.0/t higher q/q**,
driven by higher iron ore prices. **The average realized pellet price** increased
by US$0.6/t q/q, **totaling US$131.4/t**, also
driven by higher iron ore prices.

---

| | |
|:---|:---|
| – **3 –** | ![](image_004.jpg) |

---

**Copper operations**

&nbsp;&nbsp;&nbsp;&nbsp;• **Salobo: copper production increased by 4.0 kt y/y**,
reaching 62.9 kt in the quarter, its highest quarterly production ever, as a result of stable operations at the Salobo Complex and sustained
strong performance across mine and mill activities. ![](image_006.jpg)

• **Sossego: copper production increased by 0.5 kt<br> y/y**, reaching 18.6 kt in Q4, supported
by strong asset utilization and stable operations.

&nbsp;&nbsp;&nbsp;&nbsp;• **Canada: copper production increased by 1.8 kt y/y**,
reaching 26.7 kt in the quarter, supported by the Clarabelle mill availability, which achieved its highest copper output since 1Q21,
along with an increase in production at Voisey's Bay. Additionally, Sudbury recorded its strongest ore production since 2016.

&nbsp;&nbsp;&nbsp;&nbsp;• **Payable copper sales<sup>[1]</sup> totaled 106.9 kt, 7.9 kt higher y/y**,
mainly reflecting the production increase.

&nbsp;&nbsp;&nbsp;&nbsp;• **The average copper realized price was US$11,003/t, US$1,185/t higher q/q**,
reflecting higher LME prices, lower TC/RC discounts, and the favorable impact of final price settlements within the current pricing environment.

**Nickel operations**

&nbsp;&nbsp;&nbsp;&nbsp;• **Sudbury: own sourced finished nickel production decreased by 2.4 kt y/y**, reaching
8.2 kt in the quarter, driven by unscheduled maintenance of the reactor #3, with ongoing preventive maintenance into Q1. ![](image_007.jpg)

• **Voisey's Bay: own sourced finished nickel production increased by 0.9 kt y/y**,
totaling 7.4 kt in Q4, mainly due to a consistent performance by the underground mines, combined with a solid output from the Long Harbour
Refinery.

&nbsp;&nbsp;&nbsp;&nbsp;• **Thompson: own sourced finished nickel production decreased by 1.5 kt y/y**,
reaching 1.4 kt in the quarter, due to lower consumption by Sudbury downstream facilities.

&nbsp;&nbsp;&nbsp;&nbsp;• **Onça Puma: finished nickel production increased by 5.2 kt y/y**,
totaling 10.0 kt in Q4, with the 2<sup>nd</sup> furnace reaching full capacity in November, closing the year with the highest quarterly
production ever.

&nbsp;&nbsp;&nbsp;&nbsp;• **Nickel sales totaled 49.6 kt, 2.5 kt higher y/y.** In
the quarter, nickel sales exceeded production by 3.4 kt, reversing the prior quarter's inventory build through a planned drawdown
to meet stronger sales.

&nbsp;&nbsp;&nbsp;&nbsp;• **The average nickel realized price was US$15,015/t, US$430/t lower q/q**,
driven by lower LME prices.

------

<sup>[1]</sup> Sales volumes are lower than production volumes due to payable copper vs. contained copper: part of the copper contained in the concentrates is lost in the smelting and refining process, hence payable quantities of copper are approximately 3.5% lower than contained volumes.

---

| | |
|:---|:---|
| – **4 –** | ![](image_004.jpg) |

---

**Annex 1: Production and sales summary**

**Iron ore** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **000' metric tons** | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| **Northern System** | **44776** | **51249** | **-12.6%** | **49737** | **-10.0%** | **170156¹** | **175657** | **-3.1%** |
| &nbsp;&nbsp;&nbsp;Serra Norte and Serra Leste | 22629 | 27582 | -18.0% | 26172 | -13.5% | 84135 | 92663 | -9.2% |
| &nbsp;&nbsp;&nbsp;S11D | 22147 | 23667 | -6.4% | 23564 | -6.0% | 86021 | 82995 | 3.6% |
| **Southeastern System** | **23864** | **19462** | **22.6%** | **22721** | **5.0%** | **83749¹** | **78087** | **7.3%** |
| &nbsp;&nbsp;&nbsp;Itabira (Cauê, Conceição and others) | 7002 | 6867 | 2.0% | 7247 | -3.4% | 25158 | 29839 | -15.7% |
| &nbsp;&nbsp;&nbsp;Minas Centrais (Brucutu and others) | 8811 | 6611 | 33.3% | 7979 | 10.4% | 30176 | 23337 | 29.3% |
| &nbsp;&nbsp;&nbsp;Mariana (Capanema, Timbopeba and others) | 8051 | 5984 | 34.5% | 7494 | 7.4% | 28415 | 24911 | 14.1% |
| **Southern System** | **13504** | **8898** | **51.8%** | **13783** | **-2.0%** | **50966¹** | **48224** | **5.7%** |
| &nbsp;&nbsp;&nbsp;Paraopeba (Mutuca, Fábrica and others) | 3790 | 3041 | 24.6% | 4376 | -13.4% | 14955 | 14474 | 3.3% |
| &nbsp;&nbsp;&nbsp;Vargem Grande (VGR, Pico and others) | 9714 | 5857 | 65.9% | 9407 | 3.3% | 36011 | 33750 | 6.7% |
| **Own production** | **82144** | **79609** | **3.2%** | **86240** | **-4.7%** | **304871** | **301967** | **1.0%** |
| &nbsp;&nbsp;&nbsp;Third-party purchases | 8259 | 5671 | 45.6% | 8162 | 1.2% | 31204 | 25707 | 21.4% |
| **Iron Ore Production²** | **90403** | **85279** | **6.0%** | **94403** | **-4.2%** | **336075** | **327675** | **2.6%** |
| &nbsp;&nbsp;&nbsp;Pelletizing mass loss | (848) | (838) | 1.2% | (710) | 19.4% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3029) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3435) | -11.8% |
| &nbsp;&nbsp;&nbsp;Moisture change and adjustments | (500) | (965) | -48.2% | (1049) | -52.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3381) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5851) | -42.2% |
| &nbsp;&nbsp;&nbsp;Concentration mass loss (ex-Brazil) | (2369) | (1600) | 48.1% | (2190) | 8.2% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8664) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6171) | 40.4% |
| &nbsp;&nbsp;&nbsp;Inventory (build-up)/ consumption | (1812) | (680) | 166.5% | (4457) | -59.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6643) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5564) | 19.4% |
| **Iron Ore Sales** | **84874** | **81196** | **4.5%** | **85997** | **-1.3%** | **314358** | **306652** | **2.5%** |
| **Fines Sales³** | **73566** | **69912** | **5.2%** | **75020** | **-1.9%** | **273027** | **260314** | **4.9%** |
| &nbsp;&nbsp;&nbsp;IOCJ | 5042 | 9287 | -45.7% | 5672 | -11.1% | 21707 | 43576 | -50.2% |
| &nbsp;&nbsp;&nbsp;BRBF | 36337 | 43626 | -16.7% | 36133 | 0.6% | 140432⁵ | 134260⁵ | 4.6% |
| &nbsp;&nbsp;&nbsp;Mid-Grade Carajás | 10512 | 6279 | 67.4% | 10474 | 0.4% | 34576⁶ | 14535 | 137.9% |
| &nbsp;&nbsp;&nbsp;Pellet feed – China⁴ | 8155 | 3585 | 127.5% | 8575 | -4.9% | 26176 | 12786 | 104.7% |
| &nbsp;&nbsp;&nbsp;Lump | 2085 | 1535 | 35.8% | 2160 | -3.5% | 7641 | 7097 | 7.7% |
| &nbsp;&nbsp;&nbsp;High-silica products | 4213 | 852 | 394.5% | 4267 | -1.3% | 14323⁶ | 27437 | -47.8% |
| &nbsp;&nbsp;&nbsp;Other fines (60-62% Fe) | 7222 | 4748 | 52.1% | 7739 | -6.7% | 28171⁵ | 20623⁵ | 36.6% |
| **Pellet Sales** | **9056** | **10067** | **-10.0%** | **8769** | **3.3%** | **32801** | **38300** | **-14.4%** |
| **ROM Sales** | **2251** | **1216** | **85.1%** | **2208** | **1.9%** | **8530** | **8038** | **6.1%** |
| **Sales from 3rd party purchase** | **8059** | **5290** | **52.3%** | **8201** | **-1.7%** | **30620** | **25178** | **21.6%** |

---

<sup>1</sup> Restated from historical figures. <sup>2</sup> Including third party purchases, run-of-mine and feed for pelletizing plants. Vale's product portfolio Fe content reached 61.7%, alumina 1.4% and silica 6.9% in 4Q25. <sup>3</sup> Including third-party purchases. <sup>4</sup> Products concentrated in Chinese facilities. <sup>5</sup> Restated from historical figures. <sup>6</sup> Restated from historical figures.

**Pellets**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **'000 metric tons** | **4Q25** | **4T24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| **Northern System** | **–** | **521** | **-100.0%** | **10** | **-100.0%** | **669** | **2595** | **-74.2%** |
| &nbsp;&nbsp;&nbsp;São Luis | – | 521 | -100.0% | 10 | -100.0% | 669 | 2595 | -74.2% |
| **Southeastern System** | **4892** | **5328** | **-8.2%** | **4575** | **6.9%** | **17893** | **20947** | **-14.6%** |
| &nbsp;&nbsp;&nbsp;Itabrasco (Tubarão 3) | 382 | 789 | -51.6% | 349 | 9.5% | 2356 | 3016 | -21.9% |
| &nbsp;&nbsp;&nbsp;Hispanobras (Tubarão 4) | 754 | 921 | -18.1% | 755 | -0.1% | 2301 | 2869 | -19.8% |
| &nbsp;&nbsp;&nbsp;Nibrasco (Tubarão 5 and 6) | 1071 | 1612 | -33.6% | 1028 | 4.2% | 3504 | 5962 | -41.2% |
| &nbsp;&nbsp;&nbsp;Kobrasco (Tubarão 7) | 1019 | 896 | 13.7% | 903 | 12.8% | 3611 | 3309 | 9.1% |
| &nbsp;&nbsp;&nbsp;Tubarão 8 | 1666 | 1110 | 50.1% | 1540 | 8.2% | 6121 | 5793 | 5.7% |
| **Southern System** | **947** | **638** | **48.4%** | **888** | **6.6%** | **4066** | **4154** | **-2.1%** |
| &nbsp;&nbsp;&nbsp;Vargem Grande | 947 | 638 | 48.4% | 888 | 6.6% | 4066 | 4154 | -2.1% |
| **Oman** | **2486** | **2680** | **-7.2%** | **2524** | **-1.5%** | **8728** | **9195** | **-5.1%** |
| **Pellet Production** | **8325** | **9167** | **-9.2%** | **7997** | **4.1%** | **31356** | **36891** | **-15.0%** |
| **Pellet Sales** | **9056** | **10067** | **-10.0%** | **8769** | **3.3%** | **32801** | **38300** | **-14.4%** |

---

---

| | |
|:---|:---|
| – **5 –** | ![](image_004.jpg) |

---

**Copper - Finished production by source**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **000' metric tons** | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| **Brazil** | **81.5** | **77.0** | **5.8%** | **72.3** | **12.7%** | **293.1** | **265.2** | **10.5%** |
| &nbsp;&nbsp;&nbsp;Salobo | 62.9 | 58.9 | 6.8% | 53.0 | 18.7% | 218.7 | 199.8 | 9.5% |
| &nbsp;&nbsp;&nbsp;Sossego | 18.6 | 18.1 | 2.8% | 19.3 | -3.6% | 74.4 | 65.4 | 13.8% |
| **Canada** | **26.7** | **24.9** | **7.2%** | **18.4** | **45.1%** | **89.3** | **83.0** | **7.6%** |
| &nbsp;&nbsp;&nbsp;Sudbury | 20.2 | 16.3 | 23.9% | 12.6 | 60.3% | 63.8 | 58.6 | 8.9% |
| &nbsp;&nbsp;&nbsp;Thompson | 0.1 | 3.6 | -97.2% | 0.2 | -50.0% | 1.5 | 7.2 | -79.2% |
| &nbsp;&nbsp;&nbsp;Voisey's Bay | 4.7 | 3.9 | 20.5% | 4.3 | 9.3% | 18.6 | 12.9 | 44.2% |
| &nbsp;&nbsp;&nbsp;Feed from third parties<sup>1</sup> | 1.7 | 1.2 | 41.7% | 1.3 | 30.8% | 5.4 | 4.2 | 28.6% |
| **Copper Production** | **108.1** | **101.8** | **6.2%** | **90.8** | **19.1%** | **382.3** | **348.2** | **9.8%** |
| **Copper Sales** | **106.9** | **99.0** | **8.0%** | **90.0** | **18.8%** | **367.8** | **327.2** | **12.4%** |
| &nbsp;&nbsp;&nbsp;Copper Sales Brazil | 81.3 | 74.4 | 9.3% | 70.2 | 15.8% | 278.7 | 250.3 | 11.3% |
| &nbsp;&nbsp;&nbsp;Copper Sales Canada | 25.6 | 24.7 | 3.6% | 19.8 | 29.3% | 89.1 | 76.9 | 15.9% |

---

<sup>1</sup> External feed purchased from third parties and processed into copper in our Canadian operation.

**Nickel**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **'000 metric tons** | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| **Finished Production by Source** |  |  |  |  |  |  |  |  |
| **Canada** | **17.0** | **20.0** | **-15.0%** | **22.1** | **-23.1%** | **80.4** | **65.7** | **22.4%** |
| &nbsp;&nbsp;&nbsp;Sudbury | 8.2 | 10.6 | -22.6% | 8.5 | -3.5% | 35.2 | 36.6 | -3.8% |
| &nbsp;&nbsp;&nbsp;Thompson | 1.4 | 2.9 | -51.7% | 2.9 | -51.7% | 12.0 | 9.9 | 21.2% |
| &nbsp;&nbsp;&nbsp;Voisey's Bay | 7.4 | 6.5 | 13.8% | 10.7 | -30.8% | 33.2 | 19.2 | 72.9% |
| **Brazil** | **10.0** | **4.8** | **108.3%** | **5.9** | **69.5%** | **26.1** | **14.2** | **83.8%** |
| **Indonesia** | **–** | **–** | **n.a.** | **–** | **n.a.** | **–** | **34.9** | **-100.0%** |
| **External feed** | **19.3** | **20.7** | **-6.8%** | **18.7** | **3.2%** | **70.8** | **45.4** | **55.9%** |
| &nbsp;&nbsp;&nbsp;Feed from third-parties<sup>1</sup> | 4.3 | 4.4 | -2.3% | 3.8 | 13.2% | 16.1 | 13.8 | 16.7% |
| &nbsp;&nbsp;&nbsp;PTVI offtake<sup>2</sup> | 15.0 | 16.3 | -8.0% | 14.9 | 0.7% | 54.7 | 31.5 | 73.7% |
| **Finished Production by Site** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Sudbury | 14.4 | 14.8 | -2.7% | 15.0 | -4.0% | 59.4 | 50.5 | 17.6% |
| &nbsp;&nbsp;&nbsp;Voisey's Bay & Long Harbour | 7.6 | 9.2 | -17.4% | 11.7 | -35.0% | 40.3 | 30.5 | 32.1% |
| &nbsp;&nbsp;&nbsp;Onça Puma | 10.0 | 4.8 | 108.3% | 5.9 | 69.5% | 26.1 | 14.0 | 86.4% |
| &nbsp;&nbsp;&nbsp;Clydach | 7.0 | 10.5 | -33.3% | 8.6 | -18.6% | 29.5 | 34.2 | -13.7% |
| &nbsp;&nbsp;&nbsp;Matsusaka | 7.1 | 5.2 | 36.5% | 5.2 | 36.5% | 20.3 | 20.4 | -0.5% |
| &nbsp;&nbsp;&nbsp;Others<sup>3</sup> | 0.1 | 1.0 | -90.0% | 0.3 | -66.7% | 1.4 | 10.3 | -86.4% |
| **Nickel Production** | **46.2** | **45.5** | **1.5%** | **46.8** | **-1.3%** | **177.2** | **114.5** | **54.8%** |
| **Nickel Sales** | **49.6** | **47.1** | **5.3%** | **42.9** | **15.6%** | **172.8** | **108.1** | **59.9%** |

---

<sup>1</sup> External feed purchased from third parties and processed into finished nickel in our Canadian operations. It does not include feed purchased from PTVI. <sup>2</sup> Starting from 3Q24, PTVI sourced production is reported as "External feed" and reflects solely the 80%-offtake attributable to Vale Base Metals processed at downstream facilities. Before, PTVI production was 100% consolidated by Vale. <sup>3</sup> Includes intermediates produced in Thompson and PTVI, tolling and others.

**Vale Base Metals by-products - Finished production**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **4Q25** | **4Q24** | **∆ y/y** | **3Q25** | **∆ q/q** | **2025** | **2024** | **Δ y/y** |
| Cobalt (metric tons) | 724 | 695 | 4.2% | 964 | -24.9% | 3242 | 2079 | 55.9% |
| Platinum (000' oz troy) | 25 | 36 | -30.6% | 21 | 19.0% | 98 | 107 | -8.4% |
| Palladium (000' oz troy) | 31 | 38 | -18.4% | 25 | 24.0% | 120 | 120 | 0.0% |
| Gold (000' oz troy)<sup>1</sup> | 146 | 136 | 7.4% | 112 | 30.4% | 493 | 445 | 10.8% |
| **Total by-Products (000' metric tons Cu eq.)<sup>2 3</sup>** | **71** | **54** | **31.5%** | **49** | **44.9%** | **219** | **160** | **36.9%** |

---

<sup>1</sup> Includes Gold from Copper and Nickel operations. <sup>2</sup> Includes Iridium, Rhodium, Ruthenium and Silver. <sup>3</sup> Copper equivalent tons calculated using average market metal prices for each quarter. Market reference prices: for copper and cobalt: LME spot; for Gold, Silver, Platinum, and Palladium: Bloomberg; for other PGMs: Johnson Matthey.

---

| | |
|:---|:---|
| – **6 –** | ![](image_004.jpg) |

---

**Annex 2: Vale Base Metals** 

**Maintenance scheduled in 2026**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Q1** | **Q2** | **Q3** | **Q4** |
| **Copper operations** | | | | |
| **Salobo** | | | | |
| &nbsp;&nbsp;&nbsp;Salobo I & II |  | 2 weeks |  |  |
| &nbsp;&nbsp;&nbsp;Salobo III |  |  | 2 week |  |
| **Sossego** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Sossego | 2 weeks | 2 weeks | 3 weeks | 2 weeks |
| **Nickel operations** |  |  |  |  |
| **Sudbury** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Coleman |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Creighton |  |  | 6 weeks |  |
| &nbsp;&nbsp;&nbsp;Copper Cliff |  |  | 3 weeks |  |
| &nbsp;&nbsp;&nbsp;Garson |  |  | 2 weeks |  |
| &nbsp;&nbsp;&nbsp;Totten |  |  | 1 week |  |
| &nbsp;&nbsp;&nbsp;Stobie |  |  | 1 week |  |
| &nbsp;&nbsp;&nbsp;Clarabelle mill |  |  | 4 weeks |  |
| &nbsp;&nbsp;&nbsp;Sudbury Smelter |  | 4 weeks |  |  |
| &nbsp;&nbsp;&nbsp;Sudbury Refinery |  | 4 weeks |  |  |
| &nbsp;&nbsp;&nbsp;Port Colborne (Ni, Co & PGMs) |  | 4 weeks |  |  |
| **Thompson** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Thompson mine |  |  | 4 weeks |  |
| &nbsp;&nbsp;&nbsp;Thompson mill |  |  | 4 weeks |  |
| **Voisey's Bay & Long Harbour** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Voisey's Bay |  |  | 2 weeks |  |
| &nbsp;&nbsp;&nbsp;Long Harbour Refinery |  |  | 2 weeks |  |
| **Standalone Refineries** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Clydach |  | 4 weeks |  |  |
| &nbsp;&nbsp;&nbsp;Matsusaka | 5 weeks |  |  |  |
| **Brazil** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Onça Puma | 1 week |  | 2 weeks | 2 weeks |

---

Note: The maintenance schedule may be deliberately adjusted if it proves beneficial for operations and the overall business.<br> The number of weeks is rounded to 0.0 or 0.5 and may involve more than one maintenance activity within the quarter.

---

| | |
|:---|:---|
| – **7 –** | ![](image_004.jpg) |

---

![](image_009.jpg)

---

| | |
|:---|:---|
| **Investor Relations** | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| **Vale.RI@vale.com** | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| Thiago Lofiego | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| **thiago.lofiego@vale.com** | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| Mariana Rocha | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| **mariana.rocha@vale.com** | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| Luciana Oliveti | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| **luciana.oliveti@vale.com** | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| Pedro Terra | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| **pedro.terra@vale.com** | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
|  | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| Patricia Tinoco | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |
| **patricia.tinoco@vale.com** | &nbsp;&nbsp;&nbsp;&nbsp;This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" "will" and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. |

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**Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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|  | Vale S.A.<br> (Registrant) | Vale S.A.<br> (Registrant) |
|  | By: | /s/ Thiago Lofiego |
| Date: January 27, 2026 |  | Director of Investor Relations |

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