Vale expects to raise $1.5 bln from asset sale in Brazil

The project now has an open-pit constrained measured and indicated resource of 6.5 million tonnes grading 1.1% lithium oxide.

The investment aligns with Saudi Arabia's Vision 2030 strategy to diversify its economy.

The mine was allegedly attacked by suspected illegal miners, a local mayor said.

The US fertilizer company is selling its non-core phosphate mine in Minas Gerais state to Fosfatados Centro.