Ann: Results of Second BMX Auction, page-135

Pilbara Minerals has sold an 8,000t SC5.5 spodumene cargo for an extraordinary $US2,240/t via its Battery Material Exchange (BMX) digital auction platform.

The ‘icing on the cake’ for PLS is that this product – 5.5% lithium – is the low grade stuff.

The equivalent headline price achieved for industry standard 6% product would be USD$2,500/t.

This essentially doubles the $US1,250/tonne received via the inaugural auction held late July.

It is also represents a ~550% year-on-year price increase, with spod prices last year hitting lows of ~$US380/t.

Even the experts are dumbstruck.

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