Piedmont Lithium Amends Deal With Tesla To Supply Spodumene Concentrate From North American Lithium

RTTNews | 870 วันที่ผ่านมา
Piedmont Lithium Amends Deal With Tesla To Supply Spodumene Concentrate From North American Lithium

(RTTNews) - Piedmont Lithium (PLL, PLL.AX) announced Tuesday that it has amended its agreement with Tesla, Inc. (TSL) to supply the U.S. automaker with spodumene concentrate or SC6, from North American Lithium or NAL.

Piedmont and Tesla have mutually agreed to amend their previous offtake agreement with the terms of this new agreement, which are binding for a three-year term and include an option to renew for another three years.

Under the amended agreement, Piedmont has agreed to deliver approximately 125,000 metric tons of SC6 to Tesla beginning in second half of 2023 through the end of 2025.

According to the terms, the SC6 pricing will be determined by a formula-based mechanism linked to average market prices for lithium hydroxide monohydrate throughout the term of the agreement.

The pricing received by Piedmont under the agreement with Tesla will be determined by market prices at the time of each shipment.

Spodumene concentrate production is expected to restart at NAL in the first half of 2023, with first commercial shipments expected to begin in the third quarter of 2023.

Piedmont plans to deliver SC6 to Tesla from NAL under Piedmont's offtake agreement with Sayona Quebec, which entitles Piedmont to purchase the greater of 113,000 metric tons per year or 50% of SC6 production.

แท็ก : PLL
read more
Taiwan Stock Market May Extend Thursday's Losses

Taiwan Stock Market May Extend Thursday's Losses

The Taiwan stock market on Thursday snapped the two-day winning streak in which it had advanced more than 280 points or 1.3 percent. The Taiwan Stock Exchange now sits just above the 21,800-point plateau, although it's expected to open under pressure on Thursday.
RTTNews | 21 นาทีที่ผ่านมา
Singapore Bourse Likely To Remain Rangebound

Singapore Bourse Likely To Remain Rangebound

The Singapore stock market on Thursday snapped the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just above the 3,880-point plateau, and it may spin its wheels again on Friday.
RTTNews | 51 นาทีที่ผ่านมา
New Zealand Retail Sales Rise 0.8% In Q1

New Zealand Retail Sales Rise 0.8% In Q1

The total volume of retail sales in New Zealand was up a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Friday.
RTTNews | 1 ชม. 2 นาทีที่ผ่านมา
Japan Nationwide Inflation Climbs 3.6% On Year In April

Japan Nationwide Inflation Climbs 3.6% On Year In April

Consumer prices in Japan were up 3.6 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and unchanged from the March reading.
RTTNews | 1 ชม. 11 นาทีที่ผ่านมา
No Help Yet For Malaysia Stock Market

No Help Yet For Malaysia Stock Market

The Malaysia stock market has finished lower in six straight sessions, giving up more than 55 points or 3.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it's expected to open under pressure again on Friday.
RTTNews | 1 ชม. 21 นาทีที่ผ่านมา
Losing Streak May Continue For Japan Stock Market

Losing Streak May Continue For Japan Stock Market

The Japanese stock market has moved lower in back-to-back sessions, dropping almost 550 points or 1.5 percent along the way. The Nikkei 225 now sits just beneath the 37,000-point plateau and it may extend its losses on Friday.
RTTNews | 1 ชม. 36 นาทีที่ผ่านมา
Soft Start Expected For South Korea Shares

Soft Start Expected For South Korea Shares

The South Korea stock market turned lower again on Thursday, one day after ending the two-day slide in which it had slipped more than 25 points or 0.9 percent. The KOSPI now rests just above the 2,590-point plateau and it may take further damage on Friday.
RTTNews | 1 ชม. 51 นาทีที่ผ่านมา
South Korea Producer Prices Ease 0.1% In April

South Korea Producer Prices Ease 0.1% In April

Producer prices in South Korea were down 0.1 percent on month in April, the Bank of Korea said on Friday - following the flat reading in March.
RTTNews | 2 ชม. 27 นาทีที่ผ่านมา