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Piedmont Lithium Announces Spodumene Concentrator Pilot Testwork Launched

  • Pilot testwork will be completed on a 50t sample of ore collected from Piedmont’s Core Property

  • SGS Canada will complete dense medium and flotation pilot work over the coming weeks

  • Concentrate produced will be used in internal and third-party lithium hydroxide pilot programs

  • Results will be used to support definitive feasibility and detailed design engineering

Piedmont Lithium Limited (“Piedmont” or “Company”) is pleased to announce that it will partner with SGS Canada, Inc. (“SGS”) in Lakefield, Ontario to complete a pilot-scale spodumene concentrator testwork program using a bulk sample collected from the Piedmont Lithium Project in North Carolina.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201111005204/en/

Pilot Plant Setup at SGS Canada (Photo: Business Wire)

The Company collected over 50 tonnes of mineralized pegmatite from 17 locations across the Company’s Core Property in February 2020. Samples were collected from near surface pegmatites located in areas

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Why Lithium Americas Stock Fell 16% in October

What happened

Lithium Americas (NYSE:LAC) stock dropped 15.6% in October, according to data from S&P Global Market Intelligence. For context, the S&P 500 (including dividends) fell 2.7% last month.

In 2020, shares of the Canada-based junior lithium mining company — which isn’t yet in the commercial production stage — are up 207% through Monday, Nov. 2. The broader market has returned 4% over this period. 

Two lithium-ion battery packs laying on a flat surface.

Image source: Getty Images.

So what

Lithium Americas didn’t release any bad news that would account for its stock falling in October. Rather, we can attribute the stock’s steady drifting downward throughout last month to a pullback, a common phenomenon after a stock runs up rapidly. And, indeed, Lithium Americas stock did just that in September, when it gained 44.2%. With sizable quick gains like this, some investors — or at least short-term traders — will often take some profits.

This raises the question: Why

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Piedmont Lithium Stock Is a Bet on a Battery-Powered Future

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

A big part of the electric car story is lithium. The element is a key material used in the manufacture of lithium-ion batteries. You could look at a company like Piedmont Lithium (NASDAQ:PLL) as a play on the surge in electric car popularity. But Piedmont Lithium stock is bigger than just electric cars.

Source: Lightboxx/ShutterStock.com

Everything from smartphones to laptops and renewable energy projects rely on lithium-ion batteries. That makes PLL a smart bet on a green future.

The price of lithium has been falling over the past several years as more mining facilities come online. The novel coronavirus pandemic has been blamed for low demand in 2020.

The combination of increased production and lowered demand has resulted in record low prices for lithium in October. That low price — along with the sale of $57.5 million in

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