Tesla mulling takeover of Brazilian lithium miner

Tesla, the CEO of which has shown past interest in lithium extraction and refinement, is now reportedly considering a purchase of Canadian-headquartered, Brazilian-focused lithium mining company Sigma Lithium. According to reports including Bloomberg via the Business-Standard, people with knowledge of the situation have relayed that deliberations are in the early stages and the transaction value could reach US$3 billion. The…

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Sigma Lithium eyes expansion of Brazilian project

Canadian-based Sigma Lithium has received positive economic results from a study to potentially triple integrated production of battery-grade sustainable lithium concentrate at its Grota do Cirilo project, currently in construction in Minas Gerais, Brazil. The study looked at increasing production from 270,000 tonnes/annum commencing in 2023 to 768,000 tpa in the second year, which could position Sigma as one of…

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