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25 Nov
10:12

LITHIUM: Tesla signs lithium supply agreement with Piedmont

Australia’s Piedmont Lithium has inked a lithium supply agreement with Tesla, Kallanish reports.  The five-year deal covers 160,000 tonnes/year with the option to renew following the initial five-year term. The contracted amount is equal to about one-third of the company’s output and represents 10-20% of its revenue, according to a company release.  Immediately following announcement of the deal, Piedmont’s stock price increased by 395…
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