Reuters reveals Piedmont Lithium looks abroad amid North Carolina uncertainty - Reuters News Agency
Energy

Reuters reveals Piedmont Lithium looks abroad amid North Carolina uncertainty

Shares of Piedmont Lithium fell as much as 7.3% on Wednesday and continued to fall 9.5% today after Reuters reported that Piedmont’s first steps toward securing lithium supplies will be in Quebec or Ghana, not the United States, as an intensifying North Carolina regulatory review delays the miner’s goal of anchoring America’s electric vehicle battery renaissance.
The delay has forced Piedmont to expand its strategy beyond its proposed North Carolina mine – a project it has touted as the best way to help secure American energy independence but one that now faces a regulatory quagmire – and fund mines abroad. 

Market Impact

Shares of Piedmont Lithium fell as much as 7.3% on Wednesday and continued to fall 9.5% today after Reuters reported the news.



Article Tags
Topics of Interest: Energy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: North America
Countries: US
Win Types: Impact (Long Term)
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Important Regional Story
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