Sigma Lithium’s chief executive won’t sell the miner at current lithium price levels and is concentrating on its near-term expansion plans, she told Reuters in an interview.
Since then, prices for lithium, a metal key for electric vehicle batteries, have been pressured by slower than expected EV adoption worldwide along with overproduction in China.“At these prices, we are not selling,” she said.Cabral-Gardner said last July that adviser Bank of America had been holding meetings for several months with parties interested in acquiring Sigma, and the company later said it had received proposals from the energy, auto, batteries and lithium refining industries.
Cabral-Gardner said Bank of America was still leading a strategic review of the company, but she declined to give details.