Tesla signs a deal with Australian Lithium Miner, Piedmont Lithium Ltd (PLL), for a 5 year contract and 160,000 tons per year of spodumene (a mineral containing lithium and aluminum) concentrate from the Piedmont deposits. Shares of Piedmont are up 300% as of this post. This adds to the 10,000+ acres of Lithium mining rights they announced having acquired in Nevada.
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Disclosure: I currently hold a position in TSLA with the intention of going Long, respectively.
I wrote this post myself, and it expresses my own opinions while sometimes quoting others. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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