A Brazil lithium miner has overturned a court order against its mine, a win that clears its big expansion even as scrutiny of the industry grows.
BRAZIL · ECONOMY
Key Facts
—The win. A Minas Gerais appeals court overturned a lower-court order against Sigma Lithium’s mine in southern Brazil.
—The threat lifted. The earlier ruling carried a possible $10m financial guarantee tied to waste-handling claims; that is now removed.
—The reaction. Sigma’s shares rose about 7%, having fallen roughly 15% when the original ruling landed in May.
OUTRO LADO: Sigma Mineração não respondeu; empresa é subsidiária da multinacional Sigma Lithium
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Mining companies say they do not expect ruling to immediately affect production
