Glencore AG has prepaid 50% of the sixth shipment’s value. This prepayment reflects premium pricing at a 7.5% provisional price of lithium hydroxide at LME (average China, Japan, South Korea) for the company’s unique Quintuple Zero Green Lithium concentrate. The shipment is part of a commercial distribution and marketing agreement with Glencore that aims to build a low carbon, environmentally and socially sustainable global lithium supply chain for electric vehicles.
Keith Prentice, Co-General Manager, commented: “Our Greentech Plant reached 270 000 t of annualised nameplate capacity just a few months ago and has already managed to achieve the production consistency and cadence delivered only by large scale producers.”
Catarina Noci, Commerical Director, commented: “Sigma Lithium is the newest entrant in a highly competitive global lithium market. Our significant commercial success is a result of the unique technical properties of our lithium concentrate including high purity and coarseness.”
