Sigma Lithium has temporarily paused mining and industrial production while awaiting a ruling by the Federal Court of Appeals.
The Company remains focused on advancing its growth plans and maintains its FY27 guidance of 330,000 tonnes of lithium oxide concentrate, while postponing its 12-month 240,000-tonne guidance by three months.
During the temporary pause, commercial and recycling operations continue, maintaining the circularity of 100% of dry-stacked tailings through the sale of high-purity lithium fines, generating cash flow and supporting the Company’s ability to self-fund during this period.
Sigma Lithium remains an important economic engine in the Jequitinhonha Valley, supporting 19,000 direct and indirect jobs and approximately 80,000 people across 12 municipalities.
The Company will continue to exercise its legal rights through the appropriate judicial channels while remaining focused on its long-term growth strategy and commitment to shared prosperity.
Our long-term direction remains unchanged.
#SigmaLithium #Lithium #CriticalMinerals #Sustainability #EnergyTransition
Press Release: https://t.co/wnzBxli6uW
Russian actor, Nikita Kukushkin recorded this anti-war spot, and it really hits you 😢
English translation: “I am war. Help me kill. All you have to do is nothing. Don’t protest. Don’t talk about me. Don’t follow the news. Don’t help the people who have lost their homes. Don’t support the people defending themselves. Say everyone’s to blame. Everyone except the czar. Have a latte at Patriarch’s Ponds. Go to VK Fest. Keep living as though buildings aren’t burning, people aren’t dying, lives aren’t being destroyed around you. Do me a favor: Don’t even think about me. I am war. Help me kill.”
Everyone is bullish copper. Few are bullish lithium. But what if the forecasting errors that matter are pointing the other way? In my latest blog I explain how analysts are underestimating #copper supply and #lithium demand.
https://t.co/ECx5LfIT8v
Lithium carbonate futures in China fell more than 14% over three days after SMM changed how it estimates inventories.
SMM's revised data put stockpiles at 175,000 tons, against 78,800 tons previously.
The new method draws on a larger sample of manufacturers and showed stockpiling at downstream cathode-material plants, while upstream smelters and battery plants were destocking.
The revision has left traders and analysts questioning the reliability of lithium inventory data, Bloomberg reported.
So, it's more likely the GFEX pricing came off due to the #lithium inventory restatement by SMM. Let's look at the numbers:
1) 175kt inventory vs 79k original.
2) 2.1Mt market this year, maybe 2.7Mt demand next year.
3) Inventory = 30 days / 23 days. NOT high!
4) SMM forecasts an ongoing DEFICIT of ~20kt per month. So this entire inventory could be consumed within 9 months.
5) Ganfeng VP is saying the inventory has quality issues. I heard the same through my channels. There's a possibility that some of this inventory gets scrapped. LC has a shelf life of 1-2 years. LiOH 6 months. So imho this is possible-probable and therefore this inventory number is overstated.
The lithium price is in no danger of collapse, following this logic. Now this extra inventory is already priced in.
@TimmoH_DE@RMogyorosy Wörtlich im Wahlprogramm der AfD Sa-Anh.: "Das Experiment „Inklusion", also der gemeinsame Unterricht von behinderten Kindern mit normal begabten Kindern und die Abschaffung der herkömmlichen Förderschulen, ist auf ganzer Linie gescheitert."https://t.co/RbKURQsXqV
@RMogyorosy § 2 SGB IX - Einzelnorm: https://t.co/YaxfGrYw95 Eine Krebserkrankung gilt als eine Behinderung, wenn sie absehbar länger als 6 Monate andauert (§ 2 Abs. 1 SGB lX). Das ist die Sachlage, auch wenn das nicht in das eigene Weltverständnis passt.
3 Jahre auf X.
Weniger Austausch, mehr Provokation.
Mehr Gewalt, mehr sexualisierte Inhalte, Fake News, ein verschobener Diskurs.
Ein Grund zum Feiern?
#3JahreAufX#SocialMedia#Diskurs#MeinXJubiläum
@robinalexander_ Neuwahlen möglich? Merz vergibt erneut eine Gelegenheit, integrierend nach innen und konstruktiv nach außen zu wirken. Er setzt lieber weiter sturr auf Loyalität. Der Kreis loyaler Personen ist jedoch nicht erst seit der Kausa Spahn überschaubar. Die Reihen lichten sich weiter.
Rock Tech Lithium Strengthens Made-in-Ontario Lithium Supply Chain with Binding Spodumene Offtake Agreement and prepayment facility of up to US$80 Million.
We recently announced that we can reduce the capital costs of building our future Georgia Lake Mine by up to 50 per cent. These US$80 Million therefore already account for two-thirds of our total costs. This puts us well on the way to becoming Ontario’s first lithium mine and bringing our integrated Canadian lithium supply chain to life!
@RockTechLithium #Lithium #Transamine #Battery #EV #Canada
https://t.co/zu1ZgFSYBO
@ToRue@Haintz_MediaLaw@Martin_Sichert Wenn rechtsextreme Antidemokraten das Argument der Demokratie bemühen und darüber hinaus auch noch meinen, der Rechtsstaat müsse sie doch schützen. Das kannst du dir nicht ausdenken.