CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
Brasilia – Brazilian miner Vale SA said on Monday that a court had ordered it to halt operations at its Brucutu iron ore mining complex, reversing a lower court decision that had allowed the mines activities to resume.
Vale, which has fallen under intense scrutiny after a dam at another complex ruptured in January and killed hundreds of people, said its dams and other structures on the site have valid and current stability certifications.
The company also said it expects its 2019 sales of iron ore and pellets to be at the low to mid-end of its previous guidance of 307 million tonnes to 332 million tonnes.
(Reporting by Jake Spring, editing by G Crosse)
