A view of Vale’s open-pit mine and concentrator at Voisey’s Bay in Labrador. Credit: Vale.
Brazilian miner Vale (NYSE: VALE) has scrapped plans to build a $231 million nickel sulphate facility in Quebec after its sole client put an expansion project on ice.
General Motors won’t immediately need nickel sulphate in Quebec because it has changed the timing of its Ultium Cam electric-vehicle battery venture in Bécancour, a spokesperson for Vale’s base metals unit said Thursday via email. “As a result, Vale Base Metals is cancelling its nickel sulphate plant project,” he added.
Canadian public broadcaster Radio-Canada reported Thursday that GM and its partner, South Korean steelmaker Posco, have put the second stage of Ultium Cam on hold indefinitely. An Ultium Cam spokesperson couldn’t immediately be reached for comment on this story.
Vale’s project in Bécancour would have been the…
