PLS 5.84% $2.90 pilbara minerals limited

COREOCEAN OL arrives in South Korean Port

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    PLS latest Lithium ladened Bulk Carrier COREOCEAN OL after unloading at Port of Ningde China  has arrived at Port of Gwangyang South Korea  after  2 days Sea travel  this Thursday afternoon 1700 WST.
    PPA Website confirmed just yesterday 15521T of  PLS Spodumene concentrate  was loaded when it left Port Hedland  on the 29/06/19 .
    The bulk of the  shipment first went to the  Chinese processors, the balance of the load  destined for  POSCO  who have their  established  Gwangyang Works Steel Mill literally built on Water.

    As mentioned by PLS on 9th of July...
    Pilbara Minerals has continued to make modest sales to POSCO in support of the existing large-scale pilot plant (of approximately 2,500 LCE capacity based on spodumene supply). A total of 6,020 dmt has been shipped from the Pilgangoora Project to POSCO to date, with 2,993 dmt shipped during the June 2019 quarter.
    The Pilgangoora Project’s spodumene concentrate processed via the POSCO plant is producing an industry-leading lithium hydroxide product as POSCO gears-up for participation with Tier 1 battery manufacturers in the growing South Korean and international battery markets.
 
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