- Pilbara Minerals (PLS) sells another $120 million worth of spodumene concentrate on its Battery Metals Exchange (BMX) platform
- The company will ship two cargoes, making up a combined 10,000 dry metric tonnes of spodumene concentrate, from Port Hedland in WA
- The company locked in an average price of US$8299 (A$12,100) per dry metric tonne for the concentrate — slightly lower than its last BMX auction in November
- Pilbara Minerals says it expects the cargo to be delivered from late January 2023
- Shares in Pilbara Minerals are down 3.41 per cent to trade at $4.40 at 10:34 am AEDT
Lithium miner Pilbara Minerals (PLS) has sold another $120 million worth of spodumene concentrate on its Battery Metals Exchange (BMX) platform.
This is the 12th BMX lithium auction completed by the company, with two cargoes to be shipped from Port Hedland in Western Australia, together making up 10,000 dry metric tonnes of spodumene concentrate.
PLS locked in an average price of US$7552 (A$11,000) per dry metric tonne for the concentrate on an SC5.5 basis.
On an SC6 basis, this equates to US$8299 (A$12,100) per try metric tone, CIF to China.
Pilbara Minerals said it expected the cargo to be delivered from late January 2023, though it did not name the customer.
Today’s price tag is slightly lower than the last batch of concentrate sold by PLS on its BMX platform — in November, the company pocketed US$8575 per dry metric tonne on an SC6 basis for product from its Pilgangoora operations in WA.
However, 2022 lithium prices remain significantly higher than a year ago: in July 2021, Pilbara Minerals sold held its first spodumene concentrate auction, under which it received a top bid of US$1250 per dry metric tonne.
Shares in Pilbara Minerals were down 3.41 per cent to trade at $4.40 at 10:34 am AEDT.