Sigma Lithium Corporation, a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon-neutral, socially, and environmentally sustainable lithium concentrate, has announced the completion of its 10th shipment of 22,000 tons of Quintuple Zero Lithium.
This shipment was sold at a premium floating price of 8.75% of LME Lithium Hydroxide quoted on the LME (CIF Shanghai basis).
The 22,000-tonne shipment is scheduled for departure in early July, maintaining Sigma’s consistent operational cadence in delivering Quintuple Zero Green Lithium to its customers.
On June 30, 2024, Sigma concluded a FOB export sale at Victoria Port’s warehouse for 17,200 tonnes of its Quintuple Zero Lithium concentrate, with an additional 4,800 tonnes to complete the 22,000-tonne shipment departing in early July.
Sigma Lithium continues to refine its commercial strategy for Quintuple Zero Lithium, experiencing robust demand due to the product’s superior physical and chemical properties, which provide measurable cost savings to customers.
CEO and Co-Chairperson, Ana Cabral, commented: “Over our first 11 months of operations, Sigma Lithium has cemented its reputation as a sustainable and reliable producer, consistently executing large-scale quasi-monthly deliveries of our high-quality Quintuple Zero Green Chemical Grade Coarse Lithium.
Over these 10 shipments, we’ve established a solid base of clients who enjoy measurable ‘value-in-use’ and the 20-30% cost savings provided by our unique product’s high purity, low mica contaminants, and coarse particles (over 6.5mm).
Additionally, we’re supplying our clients with the only zero-carbon lithium in the industry without charging a premium for it.”
Sigma Lithium Commercial Director Catarina Noci added: “We continue to pursue a premiumization strategy for our product while floating our formula based on the LME lithium hydroxide price to share the
lithium pricing risk with our clients, providing battery makers and automakers with price predictability. Our strategy is to work with our large commercial partners to monetize their tangible cost savings into a ‘high-quality premium.’
Our product becomes increasingly valuable to our customers when end-users who rely on tolling agreements with non-integrated refiners face tighter operating conditions.”
