Sigma Lithium Corporation (“Sigma Lithium” or the “Company“) (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), 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 commenced loading its ninth shipment of Quintuple Zero Green Lithium, totaling 22,000 tonnes, at the Port of Vitoria. The Company sold its entire ninth shipment directly to LX International (“LXI“), formerly named LG International.
Sigma Lithium has demonstrated significant progress in monetizing a commercial premium that reflects the value in use for its customers generated by its high purity Quintuple Zero Green Lithium. The achieved fixed formula of 9% of lithium hydroxide quoted at LME represents a meaningful increase over previous prices achieved. As a reference, the price for the Company’s shipment in April 2024 was equivalent to 8.75% of lithium hydroxide price quoted at LME.
This inaugural shipment to LXI highlights the management team’s ability to conduct commercial diversification and strengthen our client relationships with South Korean industrial groups. Tracing the supply chain and its industrial participants, Sigma infers that the lithium hydroxide refined with Sigma’s Quintuple Zero Green Lithium is ultimately directed to the battery manufacturing of LG Group, who the Company believes sells its EV batteries to EU and US Automakers.
