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“The claims are completely without merit and intends to defend its interests vigorously,” Sigma said in a statement.
US-listed shares of Sigma were down 1.6% at $12.35 in extended trade.
In 2021, Sigma and LG Energy had entered into a six-year offtake agreement for battery grade sustainable lithium concentrate scales from 60,000 tons per year in 2023 to 100,000 tons per year from 2024 to 2027.
(By Kabir Dweit and Arunima Kumar; Editing by Alan Barona)
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