Vale Confident It Will Meet Iron Ore Output Guidance For 2025

Vale SA VALE3:

• IF IRON ORE PRICES REMAIN AROUND $100/TON, THERE ARE CHANCES OF EXTRA DIVIDEND PAYMENT, BUYBACKS IN H2 - EXEC

• BELIEVES PELLET PRICES WILL RECOVER, BUT HOW FAST WILL DEPEND ON MARKET - EXEC

• STILL SEES A VOLATILE GLOBAL STEEL MARKET - EXECUTIVE

• REMAINS CONFIDENT IT WILL MEET IRON ORE OUTPUT GUIDANCE FOR 2025, SEES 2026 GOAL AS ACHIEVABLE AS WELL - EXECUTIVE