Minas Gerais deposits of the mineral are turning a once forlorn region of the state into a prospecting hotspot
Brazil’s Jequitinhonha Valley, a remote expanse of hills, scrubby mountains and dusty roads, was once so poor it was known as “Misery Valley”. Now, local politicians and mining entrepreneurs dream of it being known by a different sobriquet: Lithium Valley.
Over the past five years, however, the company has quadrupled its annual output. Sigma Lithium’s Grota do Cirilo project, which dispatched its first shipment of lithium concentrate almost a year ago bound for China, is considered a game-changer. The company was the sixth-largest primary lithium supplier globally in 2023, says commodity consultancy CRU.
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