MIN 0.70% $32.43 mineral resources limited

This from PLS anouncment today, they are down 10% :- Not knowing...

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    This from PLS anouncment today, they are down 10% :- Not knowing the recent prices, I'm guessing this must be bad and related to MIN also.

    "Pilbara Minerals Limited (“Pilbara Minerals” or the “Company”: ASX: PLS) undertook its 12th
    spodumene concentrate auction via its digital Battery Material Exchange (“BMX”) platform
    earlier this afternoon.
    Following the auction process the Company has sold two cargoes for a combined total of
    10,000dmt at an average price of US$7,552/dmt (SC5.5, FOB Port Hedland basis).
    The equivalent SC6.0 price negotiated equates to a price inclusive of freight, CIF to China
    of US$8,299/dmt, with deliveries expected from late January 2023."
 
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$32.43
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$32.50 $32.90 $32.08 $16.94M 520.9K

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