Piedmont to Supply Spodumene Concentrate to Tesla
28 Septembre 2020 - 12:46PM
Dow Jones News
By Dave Sebastian
Piedmont Lithium Ltd. said it has entered a five-year agreement
with Tesla Inc. to supply spodumene concentrate, or SC6, from its
North Carolina deposit.
The agreement represents about a third of Piedmont's planned SC6
annual production of 160,000 tons, as well as additional quantity
based on Tesla's requests. The deliveries could start between July
2022 and July 2023, based on the development schedules of both
parties, the companies said.
The company said it expects the sales to generate 10% to 20% of
Piedmont's total revenue from its proposed integrated
mine-to-hydroxide project for the first five years.
"We will now accelerate our mine/concentrator development to
support Tesla's plans, work to further expand our mineral
resources, and potentially increase our planned annual spodumene
concentrate production capacity," President and Chief Executive
Keith Phillips said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
September 28, 2020 06:31 ET (10:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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