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Highlights
- Pilbara Minerals has unveiled a significant improvement in offtake pricing.
- The company stated it has secured improved pricing to an average of US$6300 per dry metric tonne on an SC6 equivalent basis for customers in December 2022.
- Pilbara shares have gained more than 82% in the last six months of trading on the ASX, as of 21 December 2022.
Australia’s leading lithium producing company, Pilbara Minerals Limited (ASX:PLS), on Wednesday (21 December 2022), shared a lithium pricing update after finalising price reviews with its offtake customers. The company also updated on the expansion of Pilgangoora Project.
Meanwhile, the shares of the company were spotted trading 0.518% higher at AU$3.880 apiece at 11:24 AM AEDT on the ASX today.
Key takeaways from the pricing and project expansion update shared by Pilbara:
It should be noted that Pilbara Minerals has authorised pre-FID funding of AU$38.3 million for the P1000 Expansion Project. This funding will support the front-end engineering design and procurement of long-lead equipment to help the delivery schedule for P1000.
Recent share price performance of Pilbara on the ASX:
In the past five days of trading on the ASX, Pilbara shares shed 11.64%. In the last one month, the shares have lost 18.87% on the ASX. In the last six months of trading on the ASX, the shares of Pilbara have gained 82.55% and the shares have gained 54.18% in the last one year on the ASX. However, on a year-to-date basis, the company has moved up just by 9.94% on the ASX. In the last five years of trade on the ASX, the shares have gained by whopping 272.12% (as of 12:11 PM AEDT, 21 December 2022).
