Piedmont Plans Second U.S. Lithium Plant, International Expansion

Piedmont Lithium Inc of Belmont, NC plans to double its U.S. lithium hydroxide production capacity to 60,000 tons/year. The company has already announced plans for the 30,000 tons/year Carolina Lithium integrated project. And now says that a second 30,000 tons/year plant is planned for the U.S., with the location scheduled to be announced in the second quarter of 2022.

Keith D Phillips, Piedmont’s CEO, commented, “We are advancing our flagship Carolina Lithium project through key permitting, engineering, and project financing steps and we expect to achieve significant milestones this year. Our recent feasibility study confirmed the strategic nature of Carolina Lithium, with NPV exceeding US$2 billion and independent assessments confirming its impressive sustainability profile. We expect Carolina Lithium to be a critical factor in furthering the United States’ progress toward lithium self-sufficiency.

“In addition to Carolina Lithium, we are progressing our two international investments and our plans to develop a second lithium hydroxide conversion plant. We are collaborating with our partner, Sayona Mining, to capitalize on strong lithium market conditions through the restart of spodumene concentrate production at our jointly owned North American Lithium business in Quebec. Long lead equipment has been ordered and production is expected to commence in the first half of 2023. Exploration activities are continuing at the Ewoyas Project in Ghana, along with our partner Atlantic Lithium, we plan to complete a feasibility study in 2022, with first production possible in 2024. These significant spodumene assets support our plans to launch a second 30,000 tons/year lithium hydroxide conversion plant. U.S. lithium demand is soaring, and domestic lithium hydroxide capacity is currently a fraction of what will be required in the mid/late 2020s.”

Volume 36, Issue 03

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