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Buy or Sell SGML Stock? Analysis Here [2023]
By Arpi Sinha
Feb 19, 2023
Image Source: Unsplash
SGML Stock News
The news that Tesla is buying Sigma Lithium, a Brazilian mining company, for $3 billion is currently making headlines.
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That's because electric vehicle maker Tesla aims to secure critical supplies of lithium, a key component in EV batteries.
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Sigma Lithium Corporation
SGML is a Lithium mining company that specializes in the extraction and production of lithium.
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SGML is well-positioned to benefit from the trend of growing demand of Li, as it has a large reserve of lithium deposits in Brazil.
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$SGML Stock
On February 17, 2023, Sigma Lithium stock experienced an increase of more than 25% during after-market trading on NASDAQ.
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SGML stock looks set to rise above its all-time high of $39.93 on the charts very soon. The stock has great support at $23.
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