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Piedmont Lithium Stock Is Soaring After Amended Tesla Deal

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Piedmont Lithium Stock Is Soaring After Amended Tesla Deal | Barron’s

Lithium-mining start up


Piedmont Lithium

and electric-vehicle giant


Tesla

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.

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