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- Pilbara Minerals (PLS) shares are trading green after the company confirmed an additional cargo sale of 5000 dry metric tonnes (dmt) of spodumene concentrate
- The company sold the cargo for US$8000 (A$12,571) per dmt, and the sale follows the completion of a BMX pre-auction sale process on October 18
- Today’s sale price is an increase on last week’s sale, which came in at US$7830 per dmt
- A five per cent deposit is required this week, with delivery expected from mid-November
- Pilbara Minerals is up 6.51 per cent and trading at $5.40 at 1:38 pm AEDT
Pilbara Minerals (PLS) shares are trading green after the company confirmed an additional cargo sale of 5000 dry metric tonnes (dmt) of spodumene concentrate.
The company has entered a further contract to sell the cargo at US$8000 (A$12,571) per dmt following the completion of a BMX pre-auction sale process on October 18.
Moreover, today’s price is higher than what was accepted from this month’s pre-auction bid.
Today’s sale was priced at US$7255 (A$11,400) per try metric tonne SC5.5 FOB Port Hedland, which is the equivalent of roughly US$8000 on an SC6.0 CIF China basis, after adjusting for lithia content on a pro-rata basis and inclusive of freight costs.
This compares to last week’s sale, which saw the company accept a pre-auction bid of US$7100 (A$11,157) per dry metric tonne, which equals US$7830 per dry metric tonne on an SC6.0 CIF China basis.
A five per cent deposit is required this week, with delivery expected from mid-November.
Pilbara Minerals is up 6.51 per cent and trading at $5.40 at 1:38 pm AEDT.
