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Sigma Eyes Lithium Major Status After Boosting Brazil Resources

Sigma Lithium Corp. says the results of a drilling program in Brazil confirms it will emerge as one of the world’s biggest producers of the key ingredient in batteries for electric vehicles.

Sigma Lithium Corp. says the results of a drilling program in Brazil confirms it will emerge as one of the world’s biggest producers of the key ingredient in batteries for electric vehicles.

Photographer: SeongJoon Cho/Bloomberg

Sigma Lithium Corp. says the results of a drilling program in Brazil confirms it will emerge as one of the world’s biggest producers of the key ingredient in batteries for electric vehicles.

The Grota do Cirilo project in Minas Gerais state is on track to begin producing early next year at an annual rate of 37,000 metric tons of lithium carbonate equivalent, as it wraps up engineering for a second phase that would take output to about 72,000 tons in 2024, the Vancouver-based firm said in statement.