- Pilbara Minerals (PLS) receives a bid to sell 5000 dry metric tonnes (dmt) of its spodumene concentrate for US$6188/dmt (A$9169/dmt)
- The bid came during a 30-minute auction held on the company’s digital Battery Material Exchange (BMX) platform
- The company said it saw strong interest during the auction, with a total of 41 bids received online from a broad range of qualified buyers
- As per the auction terms, the bidder will pay a 10 per cent deposit to enter a sales contract within 48 hours, with an irrevocable letter of credit to be provided later in the month
- Shares in Pilbara Minerals last traded at $2.36 on July 13
Pilbara Minerals (PLS) has received a bid to sell 5000 dry metric tonnes (dmt) of its spodumene concentrate for US$6188/dmt (A$9169/dmt).
The bid came during a 30-minute auction held on the company’s digital Battery Material Exchange (BMX) platform.
The company said it saw strong interest during the auction, with a total of 41 bids received online from a broad range of qualified buyers.
Pilbara Minerals intends to accept the highest bid and will now enter a sales contract with the bidder.
As per the auction terms, the bidder will pay a 10 per cent deposit to enter a sales contract within 48 hours, with an irrevocable letter of credit to be provided later in the month.
Shares in Pilbara Minerals last traded at $2.36 on July 13.