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 |
$3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 89482 | $3.04 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.05 | 37502 | 3 |
View Market Depth
No. | Vol. | Price($) |
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4 | 89482 | 3.040 |
6 | 31294 | 3.030 |
20 | 208232 | 3.020 |
16 | 406489 | 3.010 |
68 | 314428 | 3.000 |
Price($) | Vol. | No. |
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3.050 | 21000 | 2 |
3.060 | 10330 | 1 |
3.070 | 79133 | 7 |
3.080 | 148351 | 10 |
3.090 | 60000 | 4 |
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