Results of Second BMX Auction
EMERGING SPODUMENE SPOT SALES MARKET A SIGNIFICANT OPPORTUNITY FOR
PILBARA MINERALS
Pilbara Minerals Limited (“Pilbara Minerals” or the “Company”: ASX: PLS) is pleased to
update the market on the results of its second spodumene concentrate digital auction held
via its Battery Material Exchange (BMX) this afternoon.
As with the inaugural auction, there was strong interest in both BMX platform participation
and bidding within the auction.
Pilbara Minerals intends to accept the highest bid of US$2,240/dmt (SC5.5, FOB Port
Hedland basis) for the intended 8,000dmt cargo. On a pro rata lithia basis inclusive of
freight costs this is approximately equivalent to a price of USD$2,500/dmt (SC6.0, CIF China
basis).
Pursuant to the terms of the auction, the bidder is now required to enterinto a sales
contract with the Company in the coming days which requires a letter of credit to be
presented. Ship loading is expected November.
Given the strong margins yielded through the BMX trading platform to date, Pilbara
Minerals expects to channel more concentrate sales through the platform, including
concentrate generated from the recommencement of the Ngungaju processing plant
Ann: Results of Second BMX Auction, page-3
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Last
$3.80 |
Change
-0.060(1.55%) |
Mkt cap ! $11.43B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.82 | $3.73 | $57.00M | 15.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69737 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 38473 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$3.80 |
Change
-0.060 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $3.80 | $3.82 | $3.73 | 3913253 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| PLS (ASX) Chart |