Sigma Lithium Corporation (SGML)

China's lithium demand is 'unstoppable': Sigma Lithium CEO

Lithium is a core component that goes into the construction of EV battery systems, but as electric vehicle demand falters in the US, do lithium mining operators forecast any production slowdowns on their end? Sigma Lithium (SGML) CEO Ana Cabral sits down with Market Domination in-studio to talk about the lithium producer's international business. Cabral notes China's "unstoppable" demand for lithium as the nation's automakers, among other industries, lean into electrification strategies faster than other international manufacturers.  China's lithium demand "has been growing double-digits, China just grew 5.3% just recently... electrification in China is a survival of big cities, let's say secular teases. It's a very different drive than here," Cabral says. "50% of all new cars are all expected to be electric in China in about a year... there are green plates everywhere. It's a combination of regulatory with the need to keep cities livable." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.