Sigma Lithium ramps June production from 13KT to 24KT, targets 240KT annual
SGML•Sigma Lithium expects to double production from 13KT in June to 24KT in July after expanding haulage capacity to four shifts, and targets 240,000 tons of lithium oxide output over the next 12 months. Phase 2 should be fully operational by mid-2027 pending equipment delivery, while Plant 3 funding remains unsecured.
1. Production Ramp Highlights
Sigma Lithium has increased haulage capacity by moving from one shift to four shifts, including night operations, enabling production to rise from 13KT in June to an expected 24KT in July. Management forecasts total output of 240,000 tons of lithium oxide over the next 12 months based on this expanded operation.
2. Expansion Timeline and Funding
Phase 2 construction is slated to resume in the second half of 2026 with equipment lead times of up to 12 months, aiming for full operational status by mid-2027. Phase 3 development will proceed in parallel or sequentially contingent on funding, while financing for a third plant remains to be secured.
3. Inventory Status and Pricing Strategy
The company holds approximately 300,000 tons of low-grade lithium oxide intermediate product priced at $77 to $80 per ton ex-works. Sigma Lithium plans to commence deliveries in Q3, focusing on prepayment agreements rather than floor-price derivatives to maximize working capital efficiency.
