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Australia's Piedmont signs lithium ore supply deal with Tesla, shares surge
https://www.reuters.com ^ | SEPTEMBER 27, 2020 | By Reuters Staff

Posted on 09/27/2020 9:59:32 PM PDT by RomanSoldier19

Piedmont Lithium PLL.AX on Monday said it signed a five-year deal with Tesla Inc TSLA.O to supply high-purity lithium ore mineral to the U.S. electric carmaker, prompting an 83% surge in the Australian lithium miner's shares.

The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. Both companies have an option to extend the deal for another five years.

Shares of the Australian miner touched their highest since May 2007.

(Excerpt) Read more at reuters.com ...


TOPICS: Australia/New Zealand; News/Current Events; US: California; US: Nevada; US: North Carolina
KEYWORDS: australia; california; nevada; northcarolina; piedmontlithium; tesla; tsla
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To: princess leah

Green is only green when they contribute to the pot, the environment, slavery, child labor is a by product to sweep under the rug


21 posted on 09/28/2020 3:17:02 AM PDT by ronnie raygun ( Massive mistakes are made by arrogant fools; massive evils are committed by evil people.")
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To: Monty22002

I can’t wait to haul lumber up a mountain with an electric truck.

Seriously, where is all this generation going to come from?
How long, and at what cost, to rebuild the distribution lines?
What percent of batteries will actually get recycled?
When will government get out of skewing the market?


22 posted on 09/28/2020 6:00:01 AM PDT by EEGator
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To: roadcat

Recycling lithium;

American Battery Metals Corporation ABML

https://americanbatterytechnology.com/


23 posted on 09/28/2020 9:00:28 AM PDT by Pete from Shawnee Mission
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To: Paul R.

Yes it is.


24 posted on 09/28/2020 11:44:07 AM PDT by BiteYourSelf
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