Piedmont Lithium (ASX:PLL, NASDAQ:PLL) is a lithium exploration and development company with a binding five-year agreement in place with Tesla (NASDAQ:TSLA) for the supply of spodumene concentrate from Piedmont's North Carolina deposit. According to Piedmont Lithium President and Chief Executive Officer, Keith D. Phillips, "We are excited to be working with Tesla, which represents the start of the first US domestic lithium supply chain and a disruption to the current value chain. The Agreement highlights the strategic importance of Piedmont's unique American spodumene deposit and confirms the trend toward spodumene as the preferred feedstock for the lithium hydroxide required in high-nickel batteries."
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