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BUZZ-Piedmont Lithium shares down as output, shipments decline sequentially

Reuters
Apr 29
BUZZ-Piedmont Lithium shares down as output, shipments decline sequentially

** Shares of U.S.-based mining firm Piedmont Lithium PLL.O fall 2.5% to $7.98

** Co says North American Lithium (NAL) mine achieved production of 43,261 DMT (dry metric ton) in Q1, 15% lower than the preceding qtr

** Spodumene concentrate shipped also fell ~51% qtr-over-qtr

** NAL is North America's largest-producing lithium mine; project is owned by Sayona Quebec, a joint venture of Piedmont Lithium (25%) and Sayona Mining SYA.AX (75%)

** While NAL operated under challenging conditions to begin 2025 and produced fewer tons than anticipated, adjustments implemented since the restart of production have improved operational resilience - PLL CEO Keith Phillips

** Piedmont is targeting shipments of 113,000 dmt to 130,000 dmt for 2025

** Including session's moves, PLL shares down 14.2% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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