J.P. Morgan initiates Sigma Lithium coverage with Overweight rating
Bitget2026/09/21 21:45- J.P. Morgan initiated coverage of Sigma Lithium with an Overweight rating on a brownfield growth thesis.
- Report expects installed capacity of about 580,000 tonnes per year by end-2027, rising to about 830,000 tonnes by end-2028.
- Incremental expansion capex framed at about USD 100 million per line, implying roughly USD 400-430 per tonne of installed capacity.
- J.P. Morgan outlook calls 2026 the tightest lithium year, forecasts deficit through 2029, cites unhedged exposure as leverage to prices.
- Company targets delivery of 240,000 tonnes within 12 months, rising to 330,000 tonnes in FY27.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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