Australia’s Piedmont to Supply Lithium to Tesla, Shares Surge

Australia’s Piedmont to Supply Lithium to Tesla, Shares Surge
Tesla Inc CEO Elon Musk participates in a press conference at the Kennedy Space Center in Cape Canaveral, Fla., on May 27, 2020. Saul Martinez/Getty Images
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An Australian mining company has signed a five-year deal to supply lithium to electric carmaker Tesla Motors.

Shares in the ASX-listed Piedmont Lithium surged 83 percent following the announcement (pdf) on Sept. 28.
Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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