Sigma Lithium ships 22,000 tonnes of lithium concentrate: Glencore prepaid 50% at premium prices

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 – 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 ChinaJapanSouth 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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