Piedmont Lithium Stock Is Soaring After Amended Tesla Deal | Barron’s
Lithium-mining start up
and electric-vehicle giant
have amended a deal that will give Tesla greater domestic supply of the metal that goes into EV batteries.
Tuesday, Piedmont (ticker: PLL) announced it and Tesla (TSLA) “mutually agreed” to amend a previous offtake agreement. Under the pact, Piedmont will deliver approximately 125,000 metric tons of spodumene concentrate to Tesla beginning in the second half of 2023 through the end of 2025.