Sigma Lithium Resources Corp (SGML)

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Benchmark Mineral Intelligence
13,709 followers
9h • 9 hours ago

Brazil is forecast to more than double its share of the global mined lithium market over the next few years, becoming a significant new producer in South America.

Benchmark forecasts the country is set to account for 4.4% of global production by 2024, half of the forecast global market share of Argentina.

Brazil is often overshadowed by Chile and Argentina when it comes to lithium production, yet the country is forecast to more than triple its output in the next two years.

Luiz Inácio Lula da Silva, who was voted in as Brazil’s next president in October, has also pledged to work towards a sustainable energy transition, with a role for “greener” mining.

A further boost to Brazil’s position in the battery supply chain could come from BYD. The Chinese electric vehicle maker has plans to build electric vehicle production facilities and lithium processing plants in the state of Bahia in the northeast of the country.

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