Pilbara Minerals prepares to strike as lithium resurgence nears
published 30.07.2020 03:28
The company aims to sell between 40,000 and 50,000 dry metric tonnes of spodumene concentrate in the September quarter.
The company shipped 29,312 dry metric tonnes of spodumene concentrate, in line with its contract specifications and guidance.
Pilbara Minerals continued campaign mining and processing despite the soft market conditions, producing 34,484 dry metric tonnes of spodumene concentrate during the June 2020 quarter, a significant lift form the 20,251 dry metric tonnes in the March quarter.
This comes after electric vehicle company Tesla surpassed Toyota as the world’s most valuable car company, a welcome sign for lithium producers.
This will support the stage one of the Pilgangoora lithium-tantalum project in Western Australia, which is positioned to become a major player in the global lithium supply chain once in full production.