Inventories

6 Months Ended

Jun. 30, 2026

Inventories Abstract

Inventories

8. Inventories

Schedule of inventories
	June 30, 2026	December 31, 2025
Finished products
Iron Ore Solutions	3,296	3,184
Vale Base Metals	715	686
Total finished products	4,011	3,870

Work in progress	1,057	901
Consumable inventory	1,197	1,168

Write-down to net realizable value	(1)	(2)
Total of inventories	6,264	5,937

The cost of goods sold is presented in note 4(a).