Piedmont (ASX:PLL) increases North Carolina lithium output estimate
Tesla’s lithium supplier Piedmont (ASX:PLL) has bumped up the company’s estimate of mineral deposits at the North Carolina mining site.
Piedmont (ASX:PLL)’s experts believe the lithium output to be around the 39.2-megatonne mark, signifying a 40-per cent increase from the previous forecast. The company is now contracted with innovator giant Tesla for 5 years of lithium supply.
Shares in Piedmont Lithium (ASX:PLL) are trading 1.12 per cent lowe at 88 cents
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