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

Company News

by Michael Luu

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 lower at 88 cents