Pilbara Minerals: Secures $9000/dmt lithium sale from pre-auction bid

Pilbara Minerals Secures $9000/dmt lithium sale from pre-auction bid

• Pilbara Minerals (PLS) has entered into a sales contract for its spodumene concentrate cargo after accepting a pre-auction bid from an undisclosed buyer
• The sale was made available to a select group of registered Battery Material Exchange (BMX) participants prior to PilbaraMinerals’ sixth scheduled digital auction
• The company accepted an offer of US$6350 per dry metric tonne (A$9182/dmt) for 5000 dmt on a 5.5 per cent lithia basis
• PilbaraMinerals has received a 10 per cent deposit for the sale and says it expects to ship the cargo in late July
• Shares in PilbaraMinerals are trading 0.49 per cent higher at $2.07 at 12:36 pm AEST