They have almost 0 other options daisy, other than the Asian Market.
PLS have an unfortunate circumstance whereby they completed the build of their processing facility and power station just prior to the Lithium Price Decline. The mining and transport fleet is contracted out for the foreseeable future.
What does all of this mean ? It results in PLS having the Highest CO2 footprint per unit of production out of any Lithium Producer in the world. In an era whereby Europe and North America are seeking to reduce emissions and transfer to renewable energy (Inclusive of Raw Materials i.e. Lithium), Pilbara Minerals find themselves in a very uncomfortable position.
They don't have a spare US$100-150M sitting around to install a 40-50MWh Solar farm
It is Asia or Bust for PLS as a customer base I am afraid !
Extra Bad / Good news geopolitics 2021, page-107
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$2.98 |
Change
0.110(3.83%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $3.10 | $2.95 | $98.90M | 32.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16986 | $2.97 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 175531 | 5 |
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