Vale and GM sign long-term nickel supply agreement

9

MONTREAL – Vale Canada Limited, a subsidiary of Vale S.A. [VALE-NYSE], and General Motors Co. [GM-NYSE], have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale’s proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S…