Piedmont Lithium ( (AU:PLL) ) just unveiled an update.
Piedmont Lithium reported record shipments of approximately 55,700 dry metric tons of spodumene concentrate in the fourth quarter of 2024, surpassing its guidance. Despite a slight decline in production compared to the previous quarter, NAL maintained strong performance, aligning with Sayona Mining’s fiscal year 2025 production targets. The company also announced a merger with Sayona Mining, which is expected to consolidate their operations and strengthen their position as a major North American lithium producer. This strategic move aims to enhance shareholder value amid challenging market conditions.
More about Piedmont Lithium
Piedmont Lithium Inc. is a leading North American supplier of lithium products essential for the U.S. electric vehicle supply chain. The company is involved in the production and shipment of spodumene concentrate, a critical mineral for lithium-ion batteries, through its operations and joint ventures such as the North American Lithium (NAL) project.
YTD Price Performance: -9.30%
Average Trading Volume: 47,668
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $172.8M
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