05:49 PM EDT, 09/16/2024 (MT Newswires) -- Sigma Lithium ( SGML ) said Monday it is scheduled to deliver 22,000 tonnes of its "quintuple zero" lithium to Mitsubishi this week.

The price of the shipment is initially set at a provisional premium floating price equivalent to 8.25% of lithium hydroxide quoted at the London Metal Exchange, it said.

The lithium producer also said it is on track to ship 60,000 tonnes of the metal in Q3.

The company, meanwhile, said it appointed Rogerio Marchini as chief financial officer. Rogerio Marchini previously served as CFO at Origo, a private equity portfolio company of TPG International, according to Sigma Lithium ( SGML ).

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