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LTHM - Piedmont Lithium: Up Big On Tesla Supply Deal But Watch Out Below
October, 08 2020 03:15 PM
Livent Corporation
The Australia/North Carolina based lithium miner is up more than 7x this year due primarily to two recent and primary catalysts. First and primarily was a big new supply deal with Tesla announced on September 28. Next came an U.S. executive order aimed at expanding domestic production of rare-earth minerals on October 1. While both developments are certainly positive for Piedmont, the stock price reaction appears way overdone. For further details see:
Piedmont Lithium: Up Big On Tesla Supply Deal, But Watch Out Below
Stock Information
Company Name:
Livent Corporation
Stock Symbol:
LTHM
Market:
NYSE
Website:
livent.com
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