Search Results Found For: "Piedmont Lithium"

Piedmont Lithium and partner Sayona to provide lithium to LG Chem and Tesla from Quebec mines

Lithium producers are hustling to establish production in North America, and that’s a positive thing. However, it’s not going to happen at Silicon Valley speed. The mining industry has its own complex product cycles, and its own terminology, complete with plenty of acronyms. Piedmont Lithium’s joint venture partner, Sayona Mining, has released a definitive feasibility… Read more »

Sayona Mining and Piedmont Lithium restart North American Lithium (NAL) project

Australia-based lithium producers Sayona Mining and Piedmont Lithium say they have successfully restarted production of commercial spodumene concentrate at their jointly owned NAL project in Quebec, Canada, at a cost of $80 million. The companies expect the project to be the only major source of new spodumene production in North America in the next two… Read more »

LG Chem invests $75 million in Piedmont Lithium

Battery manufacturer LG Chem will make a $75-million equity investment in Piedmont Lithium. This will result in LG Chem holding approximately 5.7% of Piedmont common shares. LG will also commit to the offtake of 200,000 metric tons of spodumene concentrate (SC6) from Piedmont’s jointly-owned North American Lithium over a four-year term. Piedmont has agreed to… Read more »

Piedmont Lithium wins $142-million DOE grant for Tennessee lithium project

Piedmont Lithium has been selected to receive a $141.7-million grant from the DOE, one of the first wave of projects aimed at expanding domestic supply of battery raw material funded by the Bipartisan Infrastructure Law. The funding will support the construction of Piedmont’s Tennessee Lithium project, which has a budget of approximately $600 million and… Read more »

LG Chem targets sixfold sales growth in battery materials by 2030

LG Chem has announced a new strategy to become a top global battery materials company. CEO Shin Hak-cheol said at a recent battery conference in Seoul that LG Chem aims to grow its annual battery material sales sixfold, to KRW 30 trillion ($25.5 billion) by 2030. The expansion of the company’s battery business is part… Read more »

Is Tesla planning to produce batteries in Quebec?

The Canadian province of Québec seems to be an ideal location for large-scale battery production—it is rich in critical battery metals, and has plenty of cheap and clean hydropower. The provincial government is heavily incentivizing the extraction of key minerals such as lithium, nickel and graphite, and recently announced plans to invest up to 3… Read more »

Blue Current announces new funding, will begin solid-state battery pilot

Blue Current, a solid-state battery manufacturer, has announced technical advances, partner engagements and funding. Koch Disruptive Technologies (KDT), Piedmont Capital and Umicore invested in Blue Current in 2023. The company is using this additional funding to finish its 22,000-square-foot pilot manufacturing facility at its Hayward, California headquarters. The pilot is designed to demonstrate that the… Read more »