Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
- Sigma Lithium today announced initiation of commissioning of its dense medium separation module of the Greentech production plant at its Grota do Cirilo project in Brazil, one month ahead of schedule. The company also said that the commissioning of the crushing module of the Greentech plant is also ahead of schedule and projected to have first ore crushed mid-February.
Importantly, Sigma Lithium pointed out it remains on track to commence commercial production in April 2023 and expects to start generating cash flow in the second quarter this year, producing battery grade environmentally and socially sustainable lithium concentrate. Sigma Lithium indicated that its Grota do Cirilo project in Brazil is expected to produce 766,000 tonnes annually of battery grade sustainable lithium concentrate in a state-of-the-art Greentech lithium plant that uses 100% renewable energy, 100% recycled water and 100% dry-stacked tailings.