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America's Battery-Powered Car Hopes Ride on Lithium. One Producer Paves the Way.
- Source :
-
Wall Street Journal (Online) . 3/10/2021, pN.PAG-N.PAG. 1p. - Publication Year :
- 2021
-
Abstract
- The U.S. is racing to catch up to China in mining and refining the metal - and Piedmont Lithium is at the leading edge of those efforts. Piedmont is betting government support, demand from electric-car makers and a solid supply of raw materials close at hand can make its processing plants profitable. Rich veins Piedmont got its start more than a decade ago, when Mr. Leatherman heard about a boom in lithium prices at a conference in Toronto. "We're going to build a big business here", said Chief Executive Keith Phillips, a former mining banker for firms such as JPMorgan Chase & Co. Piedmont's U.S.-listed shares recently hit $80, up from $11 before the company unveiled the Tesla deal. [Extracted from the article]
- Subjects :
- AMERICA
Subjects
Details
- Language :
- English
- ISSN :
- 25749579
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal (Online)
- Publication Type :
- News
- Accession number :
- 149146089