【Pilbara Receives Pre-Auction Bids for Spodumene】

Published: Mar 14, 2024 20:50

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Australian mining company Pilbara Minerals announced today that it has received bids from multiple buyers prior to the spodumene concentrate auction on March 18th. The company has accepted a bid of US$1,106/tonne (CIF China) for 5.5% grade spodumene concentrate from one of the buyers. Considering the lithium content and freight costs, this bid is equivalent to US$1,200/tonne for a standardized 6% grade spodumene concentrate (CIF China). However, due to the company's existing offtake agreements with other companies, this batch will be delivered in the fourth quarter of 2024. Additionally, with a large number of term/offtake customers this year, the company finds it difficult to conduct regular spot sales through the BMX auction platform.

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