Pilbara to Hold Its Second Lithium Concentrate Auction of the Year on May 24

SHANGHAI, May 18 (SMM) -  "Pilbara's lithium concentrate auction has always been the direction of the global lithium concentrate price trend, and it has played a role in fueling the sharp rise in the price of lithium ore in this round, so it has received great attention from the industry," an industry insider said. This upcoming auction will be Pilbara's second auction in 2022 and the fifth in its history. The first auction of 5,000 mt of lithium concentrate in 2022, which was held on April 27, was as high as $5,650/mt. Xiangcai Securities pointed out that the high transaction price of Pilbara's first auction reflects that lithium salt companies are still optimistic about the market outlook and are actively buying.