PLS 6.54% $2.86 pilbara minerals limited

re:Lithium demand surge, page-2423

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    Headline said "due to price slump" yet ...

    Chief Executive Ricardo Ramos said in an earnings call the unexpected delay in its plant expansion was due to fast-evolving requirements of the red-hot battery technology industry. Lithium is a key component of batteries used in cell phones, electric vehicles and other consumer goods.“The delay is not related to the market or demand,” said Ramos, adding that both permits and technology were in place for the Atacama capacity expansion. “We are going as fast as we can.”

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