Sigma Lithium Announces Loading 22,000t Shipment With 85% Prepayment At Premium Prices; Achieved A Premium Fixed Price Of $1,333/t (13% VAT Included), Equivalent To $1,160/t (Net Of VAT) Through A Negotiated, Fixed, "Auction-Price Discovery" Process
Portfolio Pulse from Benzinga Newsdesk
Sigma Lithium Corporation (SGML) has begun loading its 8th shipment of 22,000 tonnes of high-purity lithium concentrate, achieving a premium fixed price of $1,333/t, equivalent to $1,160/t net of VAT. This price represents a significant increase over previous prices and is 8.75% of the LME Lithium Hydroxide CIF market price. 85% of the shipment's value has been prepaid, indicating strong market demand and confidence in Sigma Lithium's product. The company plans to continue optimizing its commercial strategy for future production.
April 15, 2024 | 12:46 pm
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Sigma Lithium achieves a premium price for its 8th lithium shipment, indicating strong market demand and operational success.
The premium price achieved for Sigma Lithium's 8th shipment, along with the 85% prepayment, reflects positively on the company's market position and the demand for its high-purity lithium concentrate. This could lead to increased investor confidence and potentially a positive impact on SGML's stock price in the short term. The company's strategy to maximize price discovery and value creation for its future production further supports the potential for continued positive performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100