General Discussion Topics, page-2190

Lithium Regionalisation + Tesla

Piedmont Lithium launched with Buy rating, Street-high PT at B. Riley
Jan. 25, 2021 1:07 PM ETPiedmont Lithium Limited (PLL)By: Carl Surran, SA News Editor4 Comments

Piedmont Lithium (PLL +11.9%) pushes out to all-time highs as B. Riley Securities
initiates shares with a Buy rating and a $66 price target, citing the company's deal
with Tesla for lithium supply among other factors.

Piedmont Lithium's "focus on the North American market, cost advantage, and
supply agreement with Tesla differentiate it from its competition," B. Riley analyst
Lucas Pipes writes, and the company's Piedmont Lithium project in North Carolina
is a "compelling growth story in the lithium space.

"Piedmont is an early mover in the trend of lithium "regionalization,"
where electric vehicle automakers increasingly look to local sources of lithium supply
rather than imported material, and the company's U.S. reserve base allows it to avoid
the higher freight costs typical of overseas merchant suppliers, according to Pipes.

"We estimate that Piedmont's projects are economical at today's prices and still offer
compelling potential upside," Piper writes.Piedmont recently announced plans to
re-domicile from Australia to the U.S. and move its primary listing from the Australian
Securities Exchange to the Nasdaq.

Note: Piedmont still have to build their Plant.