Australia's Piedmont Lithium jumps on launching DFS for North Carolina project

Lithium

16/03/2021 01:09

** Shares of Piedmont Lithium  PLL.AX  surge as much as
10.3% to A$1.070, their highest since March 3 
    ** The lithium co launches Definitive Feasibility Study
(DFS) for its integrated lithium hydroxide project in North
Carolina, U.S.  urn:newsml:reuters.com:*:nASX5NDWyt
    ** Adds that DFS to include Finland-based Metso Outotec's
 MOCORP.HE  alkaline pressure leach technology
    ** PLL says with Metso Outotec's technology, air emissions
from chemical operations are expected to be reduced compared
with prior studies
    ** Co expects feasibility study to be completed in Q3 2021
    ** Stock has jumped 165.8% this year as of last close
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))