11:20 AM EDT, 10/23/2024 (MT Newswires) -- Sigma Lithium ( SGML ) said Wednesday it is set to deliver 22,000 tonnes of its "quintuple zero" lithium to Abu Dhabi's trading arm, International Resources Holding.

The company said the shipment value was initially set at a provisional floating price equivalent to 8.25% of battery-grade lithium carbonate quoted at the Guangzhou Futures Exchange.

The lithium producer also said its Q3 output of green lithium concentrate totaled 60,237 tonnes, surpassing its target of 60,000 tonnes and up 22% from the prior quarter.

Shares of Sigma Lithium ( SGML ) were down more than 3% in recent trading.

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