Sigma Lithium Ships 22,000 Tonnes Of Lithium Concentrate: Glencore Prepaid 50% At Premium Prices.
Sigma Lithium Corporation (“Sigma Lithium” or the “Company“) (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, announces it has completed loading its sixth shipment of concentrate, totalling 22,000 tonnes, at the Port of Vitoria.
Glencore AG has prepaid 50% of the sixth shipment’s value. This prepayment reflects premium pricing at a 7.5% provisional price of lithium hydroxide at LME (average China, Japan, South Korea) for the Company’s unique Quintuple Zero Green Lithium concentrate (“Quintuple Zero Green Lithium”). The shipment is part of a commercial distribution and marketing agreement with Glencore that aims to build a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles.
Keith Prentice, Co-General Manager, commented:
Our Greentech Plant reached 270,000 tonnes of annualized nameplate capacity just a few months ago and has already managed to achieve the production consistency and cadence delivered only by large scale producers.
Catarina Noci, Commerical Director, commented:
Sigma Lithium is the newest entrant in a highly competitive global lithium market. Our significant commercial success is a result of the unique technical properties of our lithium concentrate including high purity and coarseness.
Sigma Lithium has managed to industrialize a unique Quintuple Zero Green Lithium, recognized at COP28 as the most sustainable lithium in the world:
- Zero Net Carbon: First large-scale producer in the lithium industry to achieve carbon neutrality.
- Zero Coal Power at Greentech Plant: 100% renewable power.
- Zero Tailings Dams: 100% dry stacked tailings.
- Zero Utilization of Potable Water: Sewage treatment for solid fecal residues for Greentech plant inbound water.
- Zero Use of Hazardous Chemicals in manufacturing process of lithium concentrate.
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Sigma Lithium Ships 22,000 Tonnes Of Lithium Concentrate: Glencore Prepaid 50% At Premium Prices. source
