A few months after the completion of the deal to acquire Twitter, the company’s chairman, Elon Musk, plans to acquire Sigma Lithium C. Bloomberg reports, citing its own insiders.

The acquisition of a lithium-producing company — a major element in Tesla’s electric car batteries — is now in time. According to the publication, the acquisition of Sigma Lithium is considered by Elon Musk as one of the options among mining companies.

According to Bloomberg insiders, we are currently talking about a $3 billion deal. However, due to the rise in price over the past year, the company’s shares have tripled, Sigma Lithium may raise rates.

As a reminder, during the management of Twitter by Elon Musk, 80% of full-time staff were fired from the company.