Sigma Lithium, a leading producer of sustainable lithium, is preparing for future growth amid fluctuating global interest rates and currency values. The company will participate in the upcoming Benzinga Small-Cap Conference, showcasing its strategies to maintain leadership in the EV battery supply chain while prioritizing sustainability.
Sigma Lithium, a leading global lithium producer, announced robust financial results for the second quarter of 2024, showcasing operational efficiency and cost reductions. The company achieved a 22% reduction in unit cash costs year-to-date, exceeding its cost guidance ahead of schedule, while simultaneously boosting FOB margins to 54%. Sigma also highlighted its commitment to sustainable lithium production, emphasizing its ‘Quintuple Zero Green Lithium’ initiative.
Sigma Lithium has secured a US$22.4 million letter of credit for export financing from Banco do Brasil, enabling the company to offer 90-day vendor financing to its clients at very low interest rates. This move strengthens Sigma’s commercial flexibility, improves its competitive position, and demonstrates its maturity as a lithium producer.
Sigma Lithium, a global lithium producer, has joined a Trade and Investment Mission to China led by Vice President Kamala Harris. The company will participate in symposiums discussing the role of critical minerals in the energy transition and the challenges of financing sustainable development. Sigma Lithium’s participation is part of its efforts to promote a just energy transition and green industrialization in Brazil. The company’s sustainable lithium concentrate, Quintuple Zero Green Lithium, aligns with the ethos of electric vehicle consumers and has enabled Sigma Lithium to gain an influential role in the global lithium supply chain. The company’s investment in social capital expenditures has created approximately 21,000 jobs and its philanthropic foundation, Instituto Lito Verde, supports initiatives to improve the lives of people in the region where it operates.
