Brazil Set to Join the Lithium Producer Ranks with Multiple Projects Underway in 2023
FN Media Group Presents USA News Group News Commentary
VANCOUVER, BC, March 21, 2023 /PRNewswire/ — USA News Group – Back in late Summer 2022, it was still too early to say whether Brazil had the potential to be a global player in the lithium industry. However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice. German Chancellor Olaf Scholz recently returned from a trip to South America, visiting Argentina, Chile, and Brazil, with an intent to expand collaboration on green energy. Securing battery and EV metals from Brazil is clearly a priority for many larger interests, including Warren-Buffett-backed Chinese EV giant BYD Company Limited (OTCPK: BYDDY) (OTCPK: BYDDF) even considering production in Brazil. Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ: SGML) (TSXV: SGML) ramps up towards production in April 2023. Joining Sigma in the Brazil lithium scene are other developers such as Lithium Ionic Corp. (TSXV: LTH) (OTCQB: LTHCF), Atlas Lithium Corporation (NASDAQ: ATLX), and the latest entrant to the region, Infinity Stone Ventures Corp. (CSE: GEMS) (OTCQB: GEMSF).