Vale has signed a long-term contract with Tesla Inc to supply Class 1 nickel in the United States from its operations in Canada. This agreement is in line with Vale’s strategy to increase exposure to the electric vehicle industry, leveraging our low-carbon footprint and market-leading position as North America’s largest producer of finished nickel. Vale’s target is to deliver 30% to 40% of Class 1 nickel sales into the fast-growing electric vehicle industry.Vale’s Canadian operations produce some of the lowest-carbon nickel globally. Rounds from its Long Harbour refinery in Newfoundland & Labrador in 2020 had a verified carbon footprint of 4.4 tonnes CO2 equivalent per tonne of nickel, while pellets and powder from the Copper Cliff Nickel Refinery in Ontario had a verified footprint of 7.3 tonnes equivalent. This includes Scope 1 and 2 emissions from mining, milling and refining as well as upstream Scope 3 emissions from inputs.