After too many weeks bombarded by doomers backed with uneducated and/or manipulated forecasts, time has come for real production data. Lithium isn't at the glory days of 1-2 years ago, but Q2 released by Pilbara Minerals shows that production and demand is increasing. And they are renegotiating contract prices (to higher margins, obviously).
Interesting to highlight that sales have increased 43 % (QoQ) but revenues have risen higher (58 %), pointing at better spodumene prices this quarter.
https://www.australianmining.com.au/pilbara-minerals-bolstered-by-record-production/
You have the complete report at PLS's webpage.
Let's see what comes out from IGO's and Wesfarmers' Q2s (Greenbushes and Mt. Holland, respectively). And FMG, of course!
After too many weeks bombarded by doomers backed with uneducated...
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