FYI
ASX Announcement: Pre-auction sale
14 March 2024
Pilbara Minerals Limited is pleased to advise that today it has accepted a pre-auction offer for a lithium spodumene concentrate cargo ahead of a scheduled digital auction on the Battery Material Exchange (BMX).
A shipment of 5,000 dry metric tonnes (dmt) was made available for sale to a group of registered BMX participants prior to a proposed BMX auction which was scheduled for 18 March 2024.
The Company received a number of pre-auction offers and has accepted a pre-auction offer of US$1,106/dmt on a SC5.5 CIF China basis and has executed a sales contract with the buyer. This offer equates to an approximate price of US$1,200/dmt on a SC6.0 CIF China equivalent basis after adjusting for lithia content and including freight costs. Due to the Company’s existing offtake commitments, the shipment is contracted for the December 2024 quarter.
More information is available on ourwebsite.
FYIASX Announcement: Pre-auction sale14 March 2024 Pilbara...
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