- Pilbara Minerals (ASX:PLS) extends its existing offtake agreement with Chengxin
- Chengxin is a global lithium chemicals producer with a wide international customer base
- The extended agreement spans until the end of 2026
- PLS last traded at $3.38
Pilbara Minerals (ASX:PLS) has expanded its existing offtake agreement with global integrated lithium chemicals producer Chengxin.
Under the amended agreement, Pilbara Minerals will supply an additional 60,000 tonnes of spodumene concentrate in the current calendar year, bringing the total to 85,000 tonnes.
The agreement spans through the end of 2026, with Pilbara Minerals committing to supply 150,000 tonnes of spodumene concentrate each in calendar years 2025 and 2026.
Chengxin operates globally, with a presence in China, Indonesia, Argentina, and Zimbabwe.
The company boasts a diverse customer base that includes major players in the lithium battery materials industry, such as BYD, LG Chemical, SK On, CATL, and Hyundai.
“We are very pleased to be extending and expanding our relationship with Chengxin, a leading lithium chemical producer and supplier to customers such as BYD, LG Chemical, SK On, CATL and Hyundai,” PLS Managing Director and CEO Dale Henderson said.
PLS last traded at $3.38.