Sigma Lithium Advances Construction, Doubles Capacity, and Provides FY2024 Preview and FY2025 Guidance

Sigma Lithium (SGML) is making significant strides in its expansion plans, with the construction of its second Greentech industrial plant progressing on schedule and within budget. The company aims to double its production capacity by the end of 2025, positioning itself to capitalize on the anticipated demand surge in the lithium market. In this article, we will explore the company's progress, financial outlook, and growth prospects.



Sigma Lithium has successfully completed 100% of the foundation earthworks for the second Greentech industrial plant, staying on schedule and within budget. The first cement has been poured, and construction has advanced to civil works, including the completion of water drainage infrastructure for the second industrial site. The company has also completed detailed engineering for key long-lead equipment items and expects initial deliveries to commence in June 2025.

Sigma Lithium expects to produce 300,000 tonnes of lithium concentrate in 2025, with a cash cost of $500 per tonne CIF China. The company's strategic decision to double its production capacity during a lithium market downturn positions it to capture market share and establish stronger customer relationships while competitors may be scaling back investments.

The company's low capital expenditure intensity (capex per tonne of capacity built) allows it to fast-track construction timelines while controlling costs. Additionally, Sigma Lithium's access to low-cost capital through the BNDES development bank credit line further enhances its competitive position, enabling it to maintain profitability during market volatility and enhance its financial health and growth prospects.

Sigma Lithium's commitment to environmentally sustainable mining and processing practices sets it apart in the lithium sector. The company's Quintuple Zero Green Lithium production process uses no chemicals, potable water, tailings dams, or carbon-intensive energy, making it a responsible and sustainable choice for electric vehicle (EV) battery materials.

In conclusion, Sigma Lithium's progress in advancing the construction of its second Greentech industrial plant, combined with its strategic decision to double production capacity, positions the company to capitalize on the anticipated demand surge in the lithium market. With a strong financial outlook, low-cost capital, and a commitment to sustainability, Sigma Lithium is well-positioned to solidify its status as a leading global lithium producer and deliver value to its shareholders.