SC5.5!
Results of Third BMX Auction
CONTINUED STRONG INTEREST IN SPODUMENE SPOT SALES MARKET
Pilbara Minerals Limited (“Pilbara Minerals” or the “Company”: ASX: PLS) is pleased to
update the market on the results of its third spodumene concentrate digital auction, held
via its Battery Material Exchange (BMX) this afternoon.
A cargo of 10,000dmt at a target grade of 5.5% lithia was presented for sale on the digital
platform, with a deferred delivery date in February 2022.
As with the previous two auctions, strong interest was received in both participation and
bidding by a broad range of buyers. Parties placed 25 bids online during the 45-minute
auction window, with the Company considering the bidding to be very strong in light of
the deferred delivery date.
Pilbara Minerals intends to accept the highest bid of USD$2,350/dmt (SC5.5, FOB Port
Hedland basis) which on a pro rata basis for lithia content (inclusive of freight costs) equates
approximately to a price of USD$2,629/dmt (SC6.0, CIF China basis).
Pursuant to the auction terms, the bidder is now required to enter into a sales contract with
the Company, which requires a 10 percent deposit to be paid in the coming days and an
irrevocable letter of credit from a recognised bank to be presented during the first week of
January 2022.
Release authorised by Ken Brinsden, Pilbara Minerals Limited’s Managing Director
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Open | High | Low | Value | Volume |
$3.16 | $3.18 | $3.12 | $71.90M | 22.82M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 112482 | $3.15 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.16 | 320783 | 6 |
View Market Depth
No. | Vol. | Price($) |
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3 | 112482 | 3.150 |
16 | 802558 | 3.140 |
24 | 905880 | 3.130 |
18 | 512004 | 3.120 |
19 | 228658 | 3.110 |
Price($) | Vol. | No. |
---|---|---|
3.160 | 320783 | 6 |
3.170 | 566900 | 25 |
3.180 | 372349 | 21 |
3.190 | 323141 | 17 |
3.200 | 233011 | 29 |
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