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Piedmont Lithium: Revises agreement with Tesla

Piedmont Lithium Revises agreement with Tesla

  • Piedmont Lithium (PLL) amends its supply agreement with Tesla for spodumene concentrate from the North American Lithium project near Quebec
  • The revised off-take contract will see Piedmont deliver approximately 125,000 metric tons of SC6 spodumene concentrate to Tesla
  • The agreement is binding for a three-year term, starting from the second half of 2023
  • Piedmont told investors spodumene concentrate production is expected to restart at the project during H1 2023, with first commercial shipments anticipated for Q3
  • PiedmontLithium last traded at 65.5 cents on January 3
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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