BUZZ-Sigma Lithium plunges for second day on waste piles shutdown at key Brazil mine

Reuters01-17
BUZZ-<a href="https://laohu8.com/S/SGML">Sigma Lithium</a> plunges for second day on waste piles shutdown at key Brazil mine

Jan 16 (Reuters) - ** Shares in Toronto-listed Sigma Lithium SGLML.V plunge for a second day after Brazil's Labor Ministry shut down three waste piles at the firm's flagship mine in Minas Gerais state

** The ministry pointed out a "grave and imminent" risk to workers and the local community to justify the move, according to documents seen by Reuters

** The order added to Sigma's struggle to restart the lithium mine, Brazil's largest, even though it said the restrictions do not affect its schedule for resuming production

** Bank of America last week downgraded the firm's shares, citing a lack of clarity on when production would resume

** Sigma's shares dive 15% in Toronto trading, following a 12.5% drop on Thursday

(Reporting by Fernando Cardoso)

((fernando.cardoso@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment