Piedmont (ASX:PLL) increases North Carolina lithium output estimate - Sequoia Direct

08AprApril 8, 2021

Piedmont (ASX:PLL) increases North Carolina lithium output estimate

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/338269/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/2021/Headlines02_360_210408.jpg’]

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

Copyright 2021 – Finance News Network

Source: Finance News Network

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