A Canadian company building a lithium mine in Brazil will begin commercial production of high-quality material for electric vehicle batteries next year, amid a supply shortage that has sent prices for the metal rocketing.
Sigma Lithium said it would start commissioning the Grota do Cirilo project in Minas Gerais state this month and aims to have product ready for shipping by the end of April.
At the same time, the Toronto-listed group revealed plans to almost triple its targeted annual output to about 100,000 tonnes of lithium carbonate equivalent (LCE) by 2024.
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