AT A GLANCE: Pilbara Minerals post record spodumene concentrate shipments

A summary of Australian spodumene concentrate miner Pilbara Minerals’ results for the second quarter of 2021, released on Wednesday July 28.

In brief

  • A total of 95,972 dry metric tonnes (dmt) of spodumene concentrate was shipped (SC6.0 basis) during the quarter, exceeding the guidance of 75,000-90,000 dmt.
  • Based on customer feedback and other market enquiries, the company forecasts shipped tonnes of spodumene concentrate for the third quarter of 2021 to be in the range of 77,000-90,000 tonnes.
  • Operations at the company’s Ngungaju Plant should resume in the fourth quarter of 2021, with annual production from the site to be increased to approximately 180,000 to 200,000 dmt by mid-2022, with none of these tonnes notionally committed to any offtake arrangement.
  • Improvement projects at the Pilgan Plant continued to progress in the second quarter of 2021. Upon completion, these improvements should unlock an additional 10-15% (equivalent to about 30,000-50,000 tonnes per annum) of capacity. Commissioning is on track for completion later in the third quarter of 2021.

June quarter 2021 figures
(Quarter-on-quarter comparison)

Spodumene concentrate production
77,162 dmt; down by 0.85% from 77,820 dmt

Spodumene concentrate shipments
95,972 dmt; up by 37.74% from 71,229 dmt