VALEVale S.A. American Depositary Shares

Vale S.A. American Depositary Shares represent ownership in Vale S.A., a Brazil-based multinational mining company focused on the production and export of iron ore, iron ore pellets, nickel, copper, manganese, ferroalloys, and other base metals. The company also operates logistics infrastructure that supports its mining activities, including railways, ports, maritime terminals, and distribution systems. Vale serves industrial customers across the steel, metals, energy transition materials, and broader materials sectors, with operations spanning multiple regions worldwide. Its business is organized around core segments that include iron solutions and base metals, reflecting its role as a major supplier of raw materials used in infrastructure, manufacturing, and energy-related supply chains. As an American Depositary Share, Vale S.A. provides U.S. investors with a way to access the company’s common shares through a U.S.-traded instrument.