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Piedmont hails 'pro-EV policies' impact on Tennessee project's economics

US-based Piedmont Lithium’s Tennessee lithium project has been given an NPV8% of US$2.5 billion, a post-tax IRR of 32%, and a 2.8-year pay-back timeframe, which the company has labelled as “robust” and reflective of the US’ “pro-EV policies”.

Piedmont hails 'pro-EV policies' impact on Tennessee project's economics Piedmont hails 'pro-EV policies' impact on Tennessee project's economics Piedmont hails 'pro-EV policies' impact on Tennessee project's economics Piedmont hails 'pro-EV policies' impact on Tennessee project's economics Piedmont hails 'pro-EV policies' impact on Tennessee project's economics

The plan is to start construction next year.

"America's pro-EV and battery manufacturing policies are providing an advantage to Piedmont at a time when many analysts are projecting lithium shortages to continue into the 2030s," Piedmont's chief