Sigma Lithium Ships 22,000 Tons Of Lithium Concentrate; Glencore Prepaid 50% At Premium Prices Of 7.5% Of Quoted LME/Fastmarkets Lithium Hydroxide Price
Portfolio Pulse from Benzinga Newsdesk
Sigma Lithium has completed loading 22,000 tonnes of Quintuple Zero Green Lithium for Glencore, with a 50% prepayment at a 7.5% premium of the LME/Fastmarkets lithium hydroxide price. This shipment marks a milestone for Sigma's Greentech Plant, achieving its annualized nameplate capacity of 270,000 tonnes. Sigma's production process is notable for its minimal environmental impact, including zero net carbon emissions, no use of coal-based power, tailings dams, potable water, or hazardous chemicals.
February 05, 2024 | 7:41 pm
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Sigma Lithium's successful shipment of 22,000 tonnes of lithium to Glencore at a premium price highlights its operational efficiency and commitment to sustainability. Achieving the annualized capacity of its Greentech Plant underscores its potential for increased revenue and market positioning.
The successful shipment and the premium pricing arrangement with Glencore demonstrate Sigma Lithium's strong operational capabilities and its strategic positioning in the lithium market. The achievement of the Greentech Plant's annualized capacity could signal robust future revenues and reinforce Sigma's commitment to sustainability, potentially attracting investor interest.
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