The rage today is Piedmont Lithium (PLL) which is now up 83% on the day on announcement of a five year binding sales agreement with Tesla to supply spudomene concentrate (SC6) from its North Carolina plant, PLL apparently the only conventional lithium producer in the USA.
Key terms of the deal include fixed-pricing for a volume of 160,000 tonnes of concentrate per annum with an optional five-year extension. Deliveries are booked in to start between July 2022 and July 2023.
IMO this is great validation and a reasonable buy but it is now at $300m+ valuation.
This makes VUL super cheap @$80m and EMN too incredibly cheap @$20m.
