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Brazilian Mining Giant Makes Big Moves On Electric Car Batteries

Vlad Kovalenko in Mining

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Vlad Kovalenko    + 115

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(edited)

Vale will invest roughly $1.54 billion to launch underground nickel mining operations in Canada to meet booming demand for minerals used in EV batteries. Vale's Voisey's Bay nickel move came as that project was nearing the end of its open-pit life. The bet on underground mining will extend the life of the mine by 15 years and create 1,700 direct jobs. Construction is likely to start this summer, with operations kicking off in April 2021. 

Edited by Vlad Kovalenko

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