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 end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

China has put millions of electric cars on the roads, but now faces the side effect: more than 1 million tons of batteries are expected to go out of use per year by 2030, while the government expands tracking and combats illegal dismantling with environmental risks.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

China sends to Australia its largest tunnel boring machine ever exported, a 15.7-meter giant that ‘bends at the waist’ to overcome underground curves and open a 6.5 km six-lane road tunnel under Sydney’s harbor by 2028.

China confirms the existence of a never-before-seen mineral, found in a deposit with a concentration 80 times above the global standard, which promises to reshape the battery industry and the global competition for strategic minerals.

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China confirms the existence of a never-before-seen mineral, found in a deposit with a concentration 80 times above the global standard, which promises to reshape the battery industry and the global competition for strategic minerals.

Residents of Bosnia block 15 small hydroelectric plants on a crystal-clear river described as drinkable along its entire course after three years of protests to prevent the Neretvica from becoming a series of dams.