AT A GLANCE: Pilbara Minerals posts big rises in production, sales for Q3

A summary of Australian spodumene concentrate producer Pilbara Minerals’ results for the third quarter of 2020, as stated in its operational report on Monday October 12.

In brief

  • Production of spodumene concentrate at the company’s Pilgangoora Lithium-Tantalum project, in Western Australia, increased by more than 80% quarter on quarter to 62,404 dry metric tonnes (dmt) in the July-September quarter.
  • A higher plant utilization rate resulted in lower operating costs averaging $355 per dmt on a cif China basis, the company said.
  • Third-quarter’sales of spodumene concentrate increased by nearly 50% quarter on quarter and in line with guidance provided in the June operational update.
  • Production levels exceed sales in the third quarter, with the company preparing deliveries for contractual customers as of October.
  • The company said sales volumes were up despite persistent weakness in spodumene prices, which was in line with the backdrop of sustained lower pricing across the lithium supply chain more generally.

Key figures for the third quarter (quarter on quarter percentage change)

62,404 dmt, up 80%

43,630 dmt, up 50%

What to read next
NextSource has commissioned the Molo flake graphite mine and is installing a hybrid power plant for the project on the East African island of Madagascar, the company reported on Thursday March 23
As the global battery supply chain pivots toward using recycled material to feed the growing demand for battery raw materials, participants are increasingly weighing the cost implications
An increasingly fierce price war in China’s domestic automotive sector for electric vehicles (EVs) and traditional vehicles in recent months has dealt another blow to battery raw materials prices, sources told Fastmarkets
Prices for cobalt metal have witnessed a sustained rally and recovery in recent weeks, after hitting lows at the beginning of the year, even while market participants see challenging conditions on the supply side in the longer term
Join us for the Fastmarkets Asian Battery Materials Conference in Singapore. Don’t miss out on a packed agenda. Find out some key reasons to attend
The Critical Raw Materials Act (CRMA) proposed by the European Commission has been welcomed by stakeholders familiar with the nascent European battery ecosystem as a step toward achieving a sustainable and reliable supply of materials vital to the region’s ambitious energy transition goals
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.