The miner is seeking a buyer for a stake in its base metals unit
CMRG is designed to leverage China's position as world's largest iron ore consumer
Vale is to supply 25,000 metric tons NiEq per year, which could supply about 350,000 EVs annually
To build, operate concentrate and briquetting plants
Vows to end illegal mining
Vale's sales for the period, however, have raised concerns about earnings forecasts downgrades
The news follows Vale last week saying it's separating its nickel and copper assets
The assets will all continue to be consolidated and wholly owned by Vale
The batteries can facilitate more than a day of operations
Earnings per share in Q2 were $1.32, compared to $1.49 a year earlier, and $0.93 a quarter earlier
Iron ore guidance dropped to 310 -320 million t. Copper guidance now stands at 270-385 million t.
Comes as US SEC sues Vale for 2019 tailings disaster
To access this document please complete the form below. The document will then open in a new tab. You only need to complete this form once on this website to access any asset posted by any ResourceStocks company.
The download or link you requested has now opened in a new tab. Visit the ResourceStocks homepage to explore more companies and their downloadable information.