Lithium Squeeze Has Sigma Looking to Double Brazil Capacity
- Commercial production on track to start in the fourth quarter
- Company plans to adopt indexes as buyers seek liquidity
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With battery makers screaming out for new supplies of lithium, a Brazilian-focused company is raising its initial output projection and turning toward a second-stage development.
Sigma Lithium Corp. expects to churn out 240,000 metric tons of lithium concentrate a year from the fourth quarter at its Grota do Cirilo hard-rock facility after operating on a pilot basis since 2018. That’s 9% more than its original production plan for the 1.2 billion-real project, which would be about $246 million at today’s exchange rate.