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Piedmont Lithium Releases Updated Corporate Presentation for November 2021
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Rhea-AI Summary
Piedmont Lithium Inc. (NASDAQ: PLL) has released an updated Corporate Overview Presentation, highlighting critical market conditions and lithium supply and demand forecasts. The presentation underscores the growing importance of lithium in the electric vehicle (EV) sector, driven by expanding battery and vehicle manufacturing in North America. Piedmont aims to leverage its significant spodumene resources in North Carolina, Quebec, and Ghana to become a leading producer of battery-grade lithium hydroxide, positioning the company to support the EV industry's rapid growth while enhancing shareholder value.
Positive
Piedmont Lithium is positioned to benefit from increasing lithium demand due to the expanding EV market.
The company controls significant spodumene resources, enhancing its ability to produce battery-grade lithium hydroxide cost-effectively.
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NEW YORK--(BUSINESS WIRE)--
Piedmont Lithium Inc., (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today released a new Corporate Overview Presentation. The updated presentation includes information addressing overall market conditions, lithium supply and demand projections from industry analysts, pricing trends, as well as a status update on Piedmont’s multiple resources in North Carolina, Quebec, and Ghana.
“The tremendous momentum in the EV industry continues to accelerate, especially in North America with near daily expansion announcements from battery makers and electric vehicle makers alike. One thing that remains a constant in this electric environment is the need for lithium to power the industry’s projected growth,” said Piedmont President and CEO, Keith Phillips. “A company that controls a critical mass of spodumene with the ability to cost-effectively produce battery-grade lithium hydroxide, is well positioned to serve the fast-growing EV market, while returning increasing value to shareholders. And that is exactly how we are building our company,” added Phillips.
Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and indemand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.
What recent update did Piedmont Lithium (PLL) release regarding its corporate overview?
Piedmont Lithium released an updated Corporate Overview Presentation discussing market conditions, lithium supply and demand projections, and pricing trends.
How is Piedmont Lithium (PLL) addressing the growing demand for lithium in the EV market?
Piedmont Lithium aims to leverage its resources in North Carolina, Quebec, and Ghana to become a leading producer of battery-grade lithium hydroxide.
What is the significance of lithium for the electric vehicle industry according to Piedmont Lithium (PLL)?
Lithium is critical for powering the projected growth of the electric vehicle industry, which is experiencing rapid expansion in North America.
Where can I find the updated Corporate Overview Presentation from Piedmont Lithium (PLL)?
The updated presentation can be found under the Investor section of the Piedmont Lithium website.
