Tesla to Acquire Sigma Lithium and to Produce 766,000 mt of Lithium Annually in Brazil_SMM | Shanghai Non ferrous Metals

2023-02-28 14:42:44 By : Mr. Harry Shen

SHANGHAI, Feb 22 (SMM) - In response to rising raw material costs, Tesla is considering acquiring Sigma Lithium, which is currently valued at $3 billion. It is understood that the main project of Sigma Lithium is located in a strip rich in lithium deposits in Minas Gerais, Brazil. The project is still in the development stage, and the output has reached the experimental scale. It is expected to achieve the goal of producing 766,000 mt of lithium per year.

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