Photo: Ricardo Teles.
XXIII Analyst & Investor Tour
Northern System operations
Marcello Spinelli, EVP Iron Ore Solutions
Carlos Medeiros, EVP Operations
Gustavo Pimenta, CFO
September 5th, 2023
Disclaimer
"This presentation may include statements that present Vale's expectations about future events or results, including without limitation estimates for steel production on slide 4, execution and production plan of the Mega Hubs initiative on slide 8, production plan and expected start-up of concentration plants on slide 9, iron ore agglomerates production plan and projects approval plan of on slide 11, iron ore production plan on slide 13, projects' expected capacity and start-up on slides 14, 15, 16, 17, 19, 33 and 34, iron ore and agglomerates production plan, average iron grade and average premium expected on slide 20, iron ore production plan in the Northern System on slide 24, iron ore projects expected start-up on slides 26 and 30, waste movement plan at Serra Norte site on slide 27, nickel and copper production plan on slide 39, Iron Solution business cost savings expected on slide 40, production costs of iron ore, nickel and copper on slide 41, investment expectation on slide 42. These risks and uncertainties include factors relating to our ability to perform our production plans and to obtain applicable environmental licenses. It include risks and uncertainties relating to the following: (a) the countries where we operate, especially Brazil, Canada and Indonesia; (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; (e) global competition in the markets in which Vale operates; and (f) the estimation of mineral resources and reserves, the exploration of mineral reserves and resources and the development of mining facilities, our ability to obtain or renew licenses, the depletion and exhaustion of mines and mineral reserves and resources. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports 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."
Photo: Ricardo Teles.
XXIII Analyst & Investor Tour
Iron Ore Solutions
Marcello Spinelli, EVP Iron Ore Solutions
XXIII Analyst & Investor Tour
Steel demand long-term fundamentals remain intact
Megatrends for steel demand
Population and economic growth
Urbanization
Energy transition
Onshoring and reduced steel imports
Steel production by region (Mt)
Emerging regions1
China
Europe, America, Japan, Korea and others
~2,090 | ~2,300 | ||
1,887 | ~2,010 | ||
~620 | |||
~310 | ~410 | ||
252 | |||
~970 | ~940 | ||
1.018 | ~1,010 | ||
617 ~690 ~710 ~740
2022 2026 2030 2040
Short-term view
Strong micro fundamentals: high BF utilization
rates and low steel and iron ore inventories in China
Property market uncertainties: a more encouraging outlook, driven by higher social housing investments
Ex-China: a recovery in steel production is expected in 2024, offsetting the decline in 2023.
Long-term view
Emerging regions: SEA expected to double steelmaking capacity by 2030
Chinese urbanization: ~150 million people migrating to urban areas with greater steel usage
Developed regions: green steel incentives and investments in renewable energy infrastructure
4 | 1 Including India, Southeast Asia (SEA), Middle East and Africa. |
XXIII Analyst & Investor Tour
The world cannot reach decarbonization targets without significant changes in steelmaking
More than 70 countries committed to net zero targets
Steelmaking represents 8% of global CO2 emissions
-
US$ 1 trillion investments are required to decarbonize the steel industry
The steel industry will most likely decarbonize in steps
5 | Source: UN |
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Vale SA published this content on 05 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 14:24:05 UTC.