Nov 12 (Reuters) - U.S. miner Piedmont Lithium ( PLL )

has nearly halved its total workforce after completing an

additional 32% reduction in October as part of an ongoing

cost-cutting plan, it said on Tuesday.

The company said in February it had completed a 27%

reduction in its workforce amid a supply glut in the lithium

market that had dragged down prices of the ultra-light metal

used in electric vehicles.

Piedmont has now reduced its total workforce by 48% between

February and October, the company said in a statement.

Cost savings from Piedmont's layoffs and lower operating

expenses led to savings of $14 million, higher than the $10

million it had expected to save at the beginning of the year.

Last week, rival Albermarle reported it had lost

more than $1 billion in revenues in the third quarter and that

it would slash its capital budget.

In the post-earnings conference call, executives at Piedmont

said they expect air and water permits for the Carolina Lithium

project in the first half of 2025.

It also expects parliamentary ratification of the mining

lease for its Ewoyaa project in Ghana in the first half of next

year.

"It's the trigger for a $28 million investment by the

sovereign wealth fund in Ghana ... they would be buying a 6%

stake and that would be money available to fund capital on an

interim basis and part of the capital beyond that," said Keith

Phillips, CEO of Piedmont.

Piedmont Lithium ( PLL ) on Tuesday reported an adjusted loss of 42

cents for the third quarter, compared with analysts' estimates

for a loss of 58 cents per share, according to data compiled by

LSEG.