Here’s why the Piedmont (ASX:PLL) share price jumped 10% today

The Piedmont Lithium Ltd (ASX: PLL) share price jumped 10% in today’s trade to close at 88 cents a share. 

The gain comes after this morning’s announcement about a change in substantial holdings.

Here’s a wrap of Piedmont’s latest release and what else has been happening in the lithium industry lately.

BNYMC beefs up holdings, Piedmont share price shoots

The Bank of New York Mellon Corporation (BNYMC) increased its Piedmont holdings by approximately 15 million shares.

This raises BNYMC’s voting power in the company to 62.99%.

The Piedmont Lithium share price was also on the move last week. The jump followed the company being…