Canadian Sigma Lithium Aims at Global Battery Market and Begins Construction of Lithium Concentrate Production Plant in Minas Gerais, With Capacity of 270 Thousand Tons Per Year!

Written by Flavia Marinho

Published on 09/08/2022 at 16:15

Obras de construção de planta de lítio para baterias em Minas Gerais da canadense Sigma Lithium – Imagem Notícias de Mineração

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Estimation Is That By 2030, Brazilian Lithium Production Could Represent an Investment Exceeding R$15 Billion in the Minas Gerais Region!

With the aim of positioning Brazil in the global electric vehicle battery market, whose demand is expected to reach 2 million tons by 2030, the government published a decree on July 7, which reduces restrictions for the export of lithium and its derivatives.

The case for approving this new legislation is much more confusing than expected. In theory, the vote should have taken place since Deputy Danilo Forte, also known as the rapporteur of the PEC for the state of emergency and social benefits, maintained the text approved in the Senate for everything to flow smoothly, but the TCU (Federal Court of Accounts – external control agency of the Federal Government) issued a mandate for investigation against the action.

Minas Gerais Gains Lithium Production Plant for Batteries

According to the Ministry of Mines and Energy, everything indicates that with this new method, the advancement of production capacity and components and batteries will increase significantly. This is the goal, to attract investment for research and mineral production. According to research, the estimate is that by 2030, Brazilian lithium production could represent an investment exceeding R$15 billion in the Jequitinhonha Valley region – Minas Gerais. This does not include the R$100 million annually, related to royalties through the Financial Compensation for Mineral Exploration (CFEM)

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Global Lithium Demand Expected to Reach 2 Million Tons by 2030

Lithium, a mineral, has various uses, among which, the main focus is on the manufacture of vehicle batteries where the component is used as a traction battery, meaning it stores electricity that will be used.

But for this to actually happen, an export authorization for the material has already been granted in Decree 11.120/2022:

Art. 1º “The operations of foreign trade of lithium minerals and ores, of organic and inorganic chemical products, including their compositions, manufactured based on lithium, lithium metal, and lithium alloys and their derivatives, are permitted.”

S&P Global estimates that global lithium demand is expected to reach 2 million tons by 2030.

Canadian Sigma Lithium Aims at Global Battery Market and Begins Construction of Lithium Concentrate Production Plant in Minas Gerais, With Capacity of 270 Thousand Tons Per Year!

Estimation Is That By 2030, Brazilian Lithium Production Could Represent an Investment Exceeding R$15 Billion in the Minas Gerais Region!

Minas Gerais Gains Lithium Production Plant for Batteries

Global Lithium Demand Expected to Reach 2 Million Tons by 2030

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Canadian Sigma Lithium Aims at Global Battery Market and Begins Construction of Lithium Concentrate Production Plant in Minas Gerais, With Capacity of 270 Thousand Tons Per Year!

Estimation Is That By 2030, Brazilian Lithium Production Could Represent an Investment Exceeding R$15 Billion in the Minas Gerais Region!

Minas Gerais Gains Lithium Production Plant for Batteries

Global Lithium Demand Expected to Reach 2 Million Tons by 2030

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

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