Piedmont Lithium (ASX: PLL) signs offtake deal with Tesla to supply spodumene concentrate (w/ Keith Phillips)

Piedmont Lithium (ASX: PLL) president and CEO Keith Phillips joins Small Caps to discuss the company's binding sales agreement to supply Tesla with its proposed spodumene concentrate product from its namesake North Carolina project. The deal is initially for five years on a fixed-price basis and can be extended a further five years by mutual agreement. Piedmont noted the agreement with Tesla covers a fixed commitment for approximately one-third of its planned 160,000 tonne per annum spodumene production.