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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$3.23 |
Change
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Mkt cap ! $9.721B |
Open | High | Low | Value | Volume |
$3.11 | $3.26 | $3.07 | $138.0M | 43.52M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 247485 | $3.22 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.23 | 265073 | 5 |
View Market Depth
No. | Vol. | Price($) |
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13 | 247329 | 3.220 |
5 | 132444 | 3.210 |
7 | 163440 | 3.200 |
5 | 22505 | 3.190 |
5 | 42601 | 3.180 |
Price($) | Vol. | No. |
---|---|---|
3.230 | 41385 | 3 |
3.240 | 114147 | 3 |
3.250 | 238898 | 8 |
3.260 | 195620 | 7 |
3.270 | 149642 | 6 |
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