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  • Pilbara Minerals (PLS) has entered into a sales contract for its spodumene concentrate cargo after accepting a pre-auction bid from an undisclosed buyer
  • The sale was made available to a select group of registered Battery Material Exchange (BMX) participants prior to Pilbara Minerals’ sixth scheduled digital auction
  • The company accepted an offer of US$6350 per dry metric tonne (A$9182/dmt) for 5000 dmt on a 5.5 per cent lithia basis
  • Pilbara Minerals has received a 10 per cent deposit for the sale and says it expects to ship the cargo in late July
  • Shares in Pilbara Minerals are trading 0.49 per cent higher at $2.07 at 12:36 pm AEST

Pilbara Minerals (PLS) has entered into a sales contract for its spodumene concentrate cargo after accepting a pre-auction bid from an undisclosed buyer.

The company had made the sale available to a select group of registered Battery Material Exchange (BMX) participants prior to PLS’ sixth scheduled digital auction.

Pilbara has accepted an offer of US$6350 per dry metric tonne (A$9182/dmt) for 5000 dmt on a 5.5 per cent lithia basis.

Managing Director and CEO Dale Henderson said the bid provided further evidence of the strong demand for battery raw materials.

“Contrary to recent suggestions that the market has peaked, the evidence we are seeing at the coal-face with our customers, including this pricing outcome, suggests that demand remains incredibly strong, with a continued healthy outlook for the foreseeable future,” he said.

The company said it had received a 10 per cent deposit for the sale and it planned to ship the cargo in late July

The next BMX auction is expected to be held in the second week of July.

Shares in Pilbara Minerals were trading 0.49 per cent higher at $2.07 at 12:36 pm AEST.

PLS by the numbers
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