Sigma Lithium ( (TSE:SGML) ) has shared an announcement.
On February 24, 2025, Sigma Lithium announced progress on its project to double production capacity at its Greentech industrial plant, with the construction expected to complete by Q4 2025. The company has secured a $100 million credit line to fund this expansion, aiming to leverage economies of scale and meet the anticipated growth in lithium demand. By enhancing its production capabilities, Sigma Lithium positions itself to capitalize on the growing electric vehicle market, maintaining its status as one of the lowest-cost producers in the industry.
More about Sigma Lithium
Sigma Lithium is a leading global lithium producer focused on supplying chemical-grade lithium concentrate for electric vehicle batteries. The company prioritizes carbon-neutral and sustainable practices, operating from its Grota do Cirilo site in Brazil, and producing lithium with minimal environmental impact.
YTD Price Performance: -5.45%
Average Trading Volume: 577,619
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.3B
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