With no recovery in sight, lithium prices force miners to reevaluate output
The price of the material that’s vital to the energy transition has plunged by around 80% since late 2022.
A landslide at a mine operated by iron ore giant Vale SA killed one person on Friday, the company said, at a location not far from where a mining dam operated by the same company burst in 2019 and killed hundreds.
According to Vale, the person who died was employed by a third-party company and was operating a bulldozer when a landslide at the Córrego do Feijão mine in Minas Gerais state struck him.
The mine is very close to the town of Brumadinho, the site of the 2019 dam disaster.
Vale said it was cooperating with authorities in finding the cause of the landslide, and added it had suspended maintenance activities until a safety study can be conducted.
(By Pedro Fonseca; Editing by Grant McCool)
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