Lithium producer says west cannot end reliance on China in critical minerals [Financial Times (FT.com) (UK)]
Piedmont Lithium Inc. (PLL)
Company Research
Source: Financial Times
Amanda ChuNovember 17 2024Jump to comments sectionStay informed with free updatesSimply sign up to the Digest -- delivered directly to your inbox.Albemarle, the world’s largest lithium producer, says it is not economically viable to build a supply chain in North America and that could wrest control of critical minerals from .Kent Masters, chief executive of the -based group, told the Financial Times that the “returns are not there” to pivot supply of the commodity, which is crucial for the electric vehicle industry, to the west because of low lithium prices and high operating costs.“We were trying to pivot to the west?.?.?.?the prices we see in the market don’t really allow us to do that,” Masters told the Financial Times, adding that the was “absolutely” at risk of losing the race to compete with on lithium.Prices for lithium have fallen more than 80 per cent since the start of last year, as a global slowdown in electric vehicle sales and a tough macroecono
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PLL
News
- Lithium Corporation Congratulates Board Member James Brown on Role in Major Merger in the Lithium Mining Industry [Yahoo! Finance]Yahoo! Finance
- Why Piedmont Lithium Stock Popped Today [Yahoo! Finance]Yahoo! Finance
- Piedmont Lithium Inc. (NASDAQ: PLL) was upgraded by analysts at Macquarie from an "underperform" rating to a "neutral" rating. They now have a $13.50 price target on the stock.MarketBeat
- Piedmont Lithium Inc. (NASDAQ: PLL) was downgraded by analysts at Roth Capital from a "strong-buy" rating to a "hold" rating.MarketBeat
- Piedmont Lithium Inc. (NASDAQ: PLL) was downgraded by analysts at Roth Mkm from a "buy" rating to a "neutral" rating. They now have a $13.00 price target on the stock, down previously from $32.00.MarketBeat
PLL
Earnings
- 11/12/24 - Beat
PLL
Sec Filings
- 11/20/24 - Form 425
- 11/20/24 - Form 8-K
- 11/19/24 - Form 8-K/A
- PLL's page on the SEC website