|Bid||9.00 x 900|
|Ask||0.00 x 3000|
|Day's Range||7.05 - 9.00|
|52 Week Range||5.76 - 14.00|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.00|
(Bloomberg) -- The lowest lithium prices in over two years are hampering a handful of miners that want to challenge China’s dominance in the market.China controls most of the processing that makes the mineral usable in rechargeable batteries, leaving American vehicle makers vulnerable to supply disruptions if trade tensions escalate. With automakers from Tesla Inc. to General Motors Co. aiming to manufacture more electric cars at home, small companies are seeking to build the first U.S. lithium mines in decades as a step toward forming a local supply chain.However, financing mines is proving a challenge after a rush of Australian supply dragged down prices by a third from a record in mid-2018. Companies also face stricter environmental rules and regulatory hurdles in the U.S., which currently accounts for just 1.2% of global lithium production.“It’s a difficult environment,” said Keith Phillips, chief executive officer at Piedmont Lithium Ltd., which is going through the permitting process to build a lithium operation in North Carolina. “Those looking to raise capital now might be able to do it, but the terms won’t be as good as they might have been at some other point.”While prices are now weak, lithium use will significantly jump by 2023 and the market could move into deficit around that year, according to Benchmark Mineral Intelligence estimates. All the supply from the globe’s major lithium miners Albemarle Corp., Soc. Quimica y Minera de Chile SA, Tianqi Lithium Corp. and Ganfeng Lithium Co. -- companies that mine mainly in Australia, Chile and China -- probably won’t be enough to meet demand.“You can’t just depend on the majors, there’s a need for diversification,” said Andrew Miller, a lithium analyst at Benchmark Mineral Intelligence. “When battery production capacity starts being set up outside of China in the next three years or so, the urgency to have that supply outside of China becomes even more critical.”Lithium mines take from three to five years to be built, which means that investment needs to flow into new projects within the next 12 to 18 months to fill the potential supply gap in the future, according to Miller. BloombergNEF estimates U.S. lithium cell manufacturing capacity will more than triple through 2025 as more battery manufacturing facilities are built near demand centers.The U.S. accounts for just 186,300 metric tons of global lithium reserves, compared with 42.6 million tons in Chile and Australia’s 14.4 million. Most of the raw mineral is shipped to China where it’s converted into cathode that’s used in the manufacture of batteries that power everything from smartphones to EVs.The companies are looking to make up for higher U.S. mining costs with proximity to manufacturing plants and by using new technology. Where electric car components come from will become increasingly relevant not only in terms of strategy, but also from an environmental perspective, the companies say.Electric Demand“Automakers are going all in on electric,” said Robert Mintak, CEO at Standard Lithium Ltd. “They will need a supply chain and there’s going to be added value for any U.S. lithium resource that is able to produce high-quality, battery-grade material.”Canada’s Standard Lithium is testing new technology to produce high-quality material and hopes to make a decision to start commercial production by mid-2020. Perth, Western Australia-based Piedmont Lithium says it could start producing lithium chemicals in the U.S. in 2023.Standard Lithium’s technology, which hasn’t been tested commercially before, allows for a 90% lithium recovery rate, according to Mintak. Companies operating in South America produce the metal at the world’s lowest cost by pumping briny mud from underneath Andean salt flats and letting it evaporate. But they have much lower recovery rates and use as much water as a standard copper operation, according to BlooombergNEF.“There’s going to be a judgment day on where the materials for renewable energy storage and electric vehicles are coming from,” Mintak said. “It’s not only that you will need to produce high-purity material, but you will have to be able to address the environmental issues that everybody points fingers at.”Standard Lithium’s shares in Canada were little changed Tuesday, after falling 5.1% in the previous session. Piedmont Lithium’s stock rose 1.1%.Approval ProcessesStill, hurdles abound. Approval processes to sell lithium to battery-making companies typically last 18 months and miners need to prove they can supply a constant amount of high-quality product. In the past, that’s been a challenge even for established producers.“Some of these projects could become lithium mines, but it’s not a given,” said Chris Berry, a consultant and founder of battery metals research firm House Mountain Partners. “It remains an open question whether they can raise $500 million or $1 billion for a strategic commodity when they have never done it in this country.”Top lithium miner Albemarle, which produces about a quarter of the world’s output, together with its biggest rivals SQM, Tianqi and Ganfeng are the only producers with the size, volumes and cost position to serve large customers, according to Albemarle Chief Executive Officer Luke Kissam. The industry will experience a shakeout over the next decade, he said in an interview at the company’s headquarters in Charlotte, North Carolina.“It’s going to be tough for newcomers,” he said. “A lot of these new entrants are going to get started in hopes that one of the big ones buy them out.”(Corrects first chart to say that data shows production capacity.)\--With assistance from Joe Deaux and Justina Vasquez.To contact the reporter on this story: Laura Millan Lombrana in Santiago at firstname.lastname@example.orgTo contact the editors responsible for this story: Luzi Ann Javier at email@example.com, Pratish Narayanan, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK-- -- Strong customer interest driving accelerated timeline Piedmont in discussions with numerous prospective lithium hydroxide customers Lithium hydroxide demand projected to grow 35% per annum through 2025 Customers aggressively seeking ex-China supply Piedmont uniquely positioned to supply US and European markets Piedmont project to be developed on an integrated basis targeting commissioning ...
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NEW YORK-- -- 47% increase in Piedmont Project-wide Mineral Resource estimate to 27.9 Mt @ 1.11% Li 2 O 55% increase in Mineral Resource estimate on Core property to25.1 Mt @ 1.09% Li 2 O 74% of the Core property resource is within 100m of surface and 97% is within 150m of surface 100% of the lithium resource is attributed to spodumene mineralization Core property Resource is based on 326diamond coreholes ...
NEW YORK-- -- XRD analysis confirms pure spodumene nature of Piedmont’s ore body Absence of petalite and lepidolite in pegmatites expected to lead to high lithium recovery Mineralogy consistent across Piedmont’s Core, Central, and Sunnyside properties Piedmont on-track to release Resource, Metallurgy and Scoping Study updates in the next 60 days Piedmont Lithium Limited is pleased to announce the completion ...
NEW YORK-- -- Piedmont has received assay results from 41 additional drill holes from the Phase 4 drilling campaign, with 40 of the 41 holes reporting significant mineralization, including: 17.0m @ 1.60% Li 2 O from 75m and 6.6m @ 1.44% Li 2 O from 64m in Hole 19-BD-295 14.9m @ 1.76% Li 2 O from 27m and 4.3m @ 0.95% Li 2 O from 52m in Hole 19-BD-298 Occurrence of shallow intercepts is consistent with ...
NASDAQ:PLL) (“Piedmont” or “Company”) announced today that it will participate in an investor webinar and Q&A session on Wednesday, May 29, 2019, at 1:00 p.m. EDT hosted by RedChip Companies. The webinar will feature a presentation by Keith Phillips, President and CEO, who will discuss recent developments and upcoming milestones at the Company’s world-class lithium project in North Carolina.
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NEW YORK-- -- Initial Mineral Resource at Central property of 2.80 Mt @ 1.34% Li 2 O based on only 18 drill holes Project-wide Mineral Resources increased to 19.0 Mt @ 1.15% Li 2 O Phase 4 drilling continues with three rigs operating on the Core property Core Mineral Resource update expected in June 2019 based on approximately 70 Phase 4 holes Piedmont Lithium Limited is pleased to announce an initial ...
Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to provide an update on the development of the Company’s 100% owned Piedmont Lithium Project (“Project”) in the Carolina Tin-Spodumene Belt (“TSB”) in North Carolina, United States.
NEW YORK-- -- Drill results continue to showcase the outstanding potential of the lithium-rich, low-cost Carolina Tin-Spodumene Belt in North Carolina, USA Drill intercepts from 4 Central property holes returned outstanding grade: 43.2m @ 1.73% Li 2 O in Hole 19-CT-014 14.1m @ 1.63% Li 2 O in Hole 19-CT-013 28.1m @ 1.35% Li 2 O in Hole 19-CT-015 Drill intercepts from 19 Core property holes delivered ...
Piedmont Lithium Limited (“Piedmont” or “Company”) has commenced a PFS-level metallurgical testwork program at SGS Canada’s facilities in Lakefield, Ontario. The testwork will be completed using composite and variability samples collected from drill cores produced during the Company’s Phase 2 and Phase 3 drill campaigns. The planned testwork program builds on the success of the Company’s 2018 bench-scale testwork which previously demonstrated spodumene concentrate grades of 6.0-6.5% Li2O with low iron content of 0.66-0.76% Fe2O3.
NEW YORK, Feb. 25, 2019 -- Piedmont Lithium Limited (Nasdaq:PLL; ASX:PLL) is pleased to announce that it will be participating in the following upcoming conferences:.
Piedmont increases its TSB land position by 32% to 1,824 acresCore Property expanded by 243 acres or 28% to a total of 865 contiguous acresRecent drill results on the Central.
G.research will host its Specialty Chemicals Conference on March 13th, 2019 in New York City. This research meeting will feature presentations and one-on-one meetings with senior management of several leading specialty chemicals companies.
Central property drilling has yielded additional high-grade intercepts, including; 19.1m @ 1.65% Li2O in Hole 18-CT-00415.1m @ 1.24% Li2O in Hole 18-CT-0097.8m @ 1.69% Li2O and.
NASDAQ: PLL) (“Piedmont” or “Company”) is pleased to present its December 2018 quarterly report. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements.
Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to advise that following completion of its recent capital raising the Company has initiated a 25,000-meter Phase 4 drill program at the Piedmont Lithium Project (“Project”) located within the world-class Carolina Tin-Spodumene Belt (“TSB”) which will aim to significantly expand on the 13-year project life reported in the Scoping Study released on September 13, 2018. Three drill rigs have been mobilized with two currently committed to the Core property and one to the Central property. The Core program will consist of approximately 110 holes totaling 19,000 meters and is designed to drill the Exploration Target areas reported June 14, 2018, perform initial drilling on newly acquired properties contiguous to the Core property, and upgrade portions of the current Mineral Resource Estimate from Inferred to Indicated classification (see Figure 1).