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  • 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.

PLS by the numbers
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