Sigma Lithium surges on report Tesla is eyeing a buyout of metals miner

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Sigma Lithium surges on report Tesla is eyeing a buyout of metals miner
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Sigma Lithium spikes 21% on report Tesla is considering a buyout of the Canadian battery-metals miner

sharply jumped Tuesday following a report that Tesla is thinking about buying the Canadian miner at a time of increasing demand for the key metal used in the manufacture of electric vehicle batteries. Bloomberg News reported

Nasdaq-listed shares of Sigma Lithium gained as much as 21% in hitting an intraday high of $35.55. In soared as much as 20% to C$48 a share. The stocks reached their highest prices since early December and hovered around intraday highs during Tuesday afternoon trading

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