SGML - Sigma Lithium Corporation: Reevaluating The Company's Production Before Potential Sale

2024-06-17 18:24:16 ET

Summary

• Sigma Lithium Corporation aims to support its valuation by expanding production capacity and stabilizing lithium prices.
• The company plans to increase concentrate production through infrastructure builds in H2 2024, with a focus on green lithium production and low-cost operating models.
• SGML's valuation metrics suggest the stock may be slightly overvalued, but potential production increases and strategic partnerships could boost its market standings.

The story of Sigma Lithium Corporation ( SGML ) began in 2012 with the company’s commitment to deliver clean lithium for electrification and technological battery material. The company’s share price has declined 68.37% [YoY] due to the volatile lithium price blows. As of May 2024, the price of metric tons of lithium carbonate and lithium hydroxide stood at $14,250, a decline of 81.8% and 83.2% respectively. November 2022 had seen both compounds reach peaks of $78,200 per metric ton and $84,700 per metric ton....

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