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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Last
$3.95 |
Change
-0.055(1.38%) |
Mkt cap ! $11.94B |
Open | High | Low | Value | Volume |
$3.97 | $3.98 | $3.94 | $25.44M | 6.430M |
Buyers (Bids)
No. | Vol. | Price($) |
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73 | 169590 | $3.94 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.95 | 90529 | 59 |
View Market Depth
No. | Vol. | Price($) |
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66 | 166622 | 3.940 |
44 | 171812 | 3.930 |
47 | 475431 | 3.920 |
37 | 517327 | 3.910 |
84 | 434945 | 3.900 |
Price($) | Vol. | No. |
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3.950 | 76923 | 53 |
3.960 | 204176 | 38 |
3.970 | 239058 | 39 |
3.980 | 332463 | 23 |
3.990 | 277692 | 17 |
Last trade - 13.22pm 24/05/2024 (20 minute delay) ? |
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Last
$3.94 |
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Change
-0.055 ( 1.94 %) |
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Open | High | Low | Volume | ||
$3.97 | $3.98 | $3.93 | 1855610 | ||
Last updated 13.39pm 24/05/2024 ? |
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