Australia’s Pilbara Minerals said on Wednesday that customer orders for its lithium remained strong and prices may have bottomed after the exit of higher cost suppliers this year.
We continue to see strong demand from all our major customers,” Pilbara Minerals CEO Dale Henderson told an analyst briefing.“It is incredibly hard to predict what is the bottom for the market, however I do take a lot of comfort from the fact that we have seen other supply sources come out of the market in the March quarter,” he added.High-cost supply closures included lepidolite production in China and Africa and some Australian output, he added.Prices for lithium raw material spodumene are trading close to three-year lows at $970 per metric ton.
https://www.mining.com/web/pilbara-minerals-signals-higher-production-for-fiscal-2025/
Ann: June 2024 Quarterly Activities Report, page-122
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