Pilbara Minerals has sold an 8,000t SC5.5 spodumene cargo for an extraordinary $US2,240/t via its Battery Material Exchange (BMX) digital auction platform.
The ‘icing on the cake’ for PLS is that this product – 5.5% lithium – is the low grade stuff.
The equivalent headline price achieved for industry standard 6% product would be USD$2,500/t.
This essentially doubles the $US1,250/tonne received via the inaugural auction held late July.
It is also represents a ~550% year-on-year price increase, with spod prices last year hitting lows of ~$US380/t.
Even the experts are dumbstruck.
https://unauthorised investment advice/resources/pilbara-minerals-just-sold-its-lithium-at-auction-for-us2240-t-thats-a-550pc-yoy-increase/?utm_medium=email&utm_campaign=*%20Morning%20Newsletter-09-14-2021&utm_content=httpsstockheadcomauresourcespilbaramineralsjustsolditslithiumatauctionforus2240tthatsa550pcyoyincrease&utm_medium=email&utm_campaign=Morning%20ASX%20Small%20Cap%20Wrap%20Wednesday%20September%2015&utm_content=Morning%20ASX%20Small%20Cap%20Wrap%20Wednesday%20September%2015+CID_af99449345a969f0c3b3ac6d23decc81&utm_source=Campaign%20Monitor&utm_term=Pilbara%20Minerals%20just%20sold%20its%20lithium%20at%20auction%20for%20US2240t%20Thats%20a%20550pc%20yoy%20increase
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