11
Mar
12:07
Sigma Lithium ships new cargo to Glencore at 85% prepayment
Vancouver-headquartered Sigma Lithium this weekend loaded the seventh shipment of 22,000 tonnes of lithium spodumene concentrate to Glencore at the Port of Vitoria, Brazil.
The Swiss giant has increased the amount of its prepayment to 85% of the shipment’s value, while improving the terms to allow payment upon product delivery to the warehouse.
“This represents a shift from prior shipments, whereby the company [Sigma] secured 50% of the value up…
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