This lithium producer is poised to break out with a potential major source.
Piedmont Lithium Limited (PLL)
From The National Investor
An emerging theme is the need for the U.S. economy to become more self-sufficient when it comes to key commodities we need. Lithium is on the Defense department’s list of strategic materials. An emerging story in that sector is Piedmont Lithium Limited (PLL) and it’s 100%-owned Piedmont Lithium Project in North Carolina.
Already sporting a more than 20-year resource in its area of the historic tin-spodumene belt in the south-central part of that state, Piedmont is driving toward development of what could be a major U.S. source of battery-grade lithium hydroxide and other by-product industrial minerals and chemicals.
North Carolina is already re-emerging as a key hub for the lithium space more broadly. Sector heavyweights Albemarle and Livent (the latter is increasing capacity by 50%) have facilities in the area.
The lithium price itself remains somewhat weak. Furthermore, a significant slowdown in the U.S. economy could further delay the growth of the electric vehicle industry. But that industry’s greater emergence is only a matter of time. Nearby Piedmont’s significant (and still-growing) resource, Volkswagen, among others, is investing in major electric vehicle and battery plants in Chattanooga, Tennessee.
With a present valuation but a fraction of its resource’s apparent value, subdued Piedmont shares should be acquired before this story becomes more widely known. For more, visit https://www.piedmontlithium.com/
Chris Temple, The National Investor, www.nationalinvestor.com, 224-308-2587, January 6, 2019