Optimised operations help Pilbara manage lithium price drop
Pilbara Minerals (ASX:PLS) recently reported solid production and cost management results for the September quarter.
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Pilbara Minerals secures $1b funding to navigate lithium downturn
Pilbara Minerals (ASX:PLS) looks to have secured a large enough funding package to help it navigate the ongoing downturn in lithium.
Read MorePilbara Minerals survives tough lithium market
Unlike many of its peers in the lithium space, who have struggled to remain in business and faced significant write-downs, impairments, losses, and suspended expansion plans, Pilbara Minerals (ASX:PLS) has managed to survive—though not without considerable financial pain.
Read MorePilbara minerals to acquire Latin Resources in $560m deal
Pilbara Minerals (ASX:PLS) is set to acquire Latin Resources (ASX:LRS) and its Brazil spodumene interests in an all-paper deal worth around $560 million.
Read MorePilbara Minerals plans $1.2 billion expansion to double lithium production
Pilbara Minerals (ASX:PLS), the country’s largest independent lithium producer, reckons around $1.2 billion will double its lithium spodumene production capacity at its Pilgangoora mining operation in the Pilbara.
Read MoreTough quarter for Pilbara Minerals
Operationally, Pilbara Minerals (ASX:PLS), the country’s best-performing lithium player, had a solid three months to March 31 at its WA operations, with record mining, production, and sales. Unfortunately, on the pricing and financial side, it was as tough as it will probably get.
Read MoreTurmoil in the market: Pilbara Minerals’ revelations
Pilbara Minerals (ASX:PLS), a major player in the global lithium market, has disclosed a staggering collapse in lithium prices. The nosedive, confirmed via the company's announcement, underscores the tumultuous journey of this crucial battery material from its peak in late 2022 to the present, marking a decline exceeding 80%.
Read MorePilbara revives spodumene auctions
Pilbara Minerals (ASX:PLS) is poised to reinvigorate the market for spodumene concentrate as it gears up to resume its auctions early next week. The move comes as the company seeks to leverage price dynamics to stimulate demand in the lithium sector.
Read MorePilbara Minerals maintains hold on cash reserves
Despite a 71% slump in its cash margin in the six months to December, Pilbara Minerals (ASX:PLS) maintained a hold on its cash reserves, which ended the half at just over $2.144 billion, down just 4% from a year earlier when $2.22 billion was on hand.
Read MoreLithium price slide: Pilbara Minerals warns of dividend cut
Pilbara Minerals (ASX:PLS) has warned investors not to expect an interim dividend as it grapples with the slide in lithium prices that has seen the value of its spodumene production slashed by up to 80%.
Read MoreStocks of the Hour: Matsa Resources, BluGlass, Pilbara Minerals
A snapshot of the stocks on the move, featuring Matsa Resources (ASX:MAT), BluGlass (ASX:BLG) and Pilbara Minerals (ASX:PLS).
Read MorePilbara reveals ambitious strategy to cut costs
Pilbara Minerals (ASX:PLS) is set to significantly reduce processing costs and carbon emissions with a new three-stage energy strategy unveiled on Thursday.
Read MoreRio Tinto appoints new battery materials leader, Pilbara Minerals welcomes new chair
Rio Tinto has named Elias Scafidas as the new managing director of its battery materials division, effective early 2024, succeeding Marnie Finlayson, who recently concluded her tenure and is on extended leave.
Read MorePilbara Minerals delays capital plans amid lithium market softness
Pilbara Minerals (ASX:PLS) has ruled out any immediate capital management moves, except for dividends, as first-quarter lithium prices and revenues declined, with the outlook remaining uncertain. However, the company plans to release details of new sales of up to 300,000 tonnes annually by the March quarter of next year.
Read MorePilbara Minerals reports robust financial year amidst global lithium price slump
Pilbara Minerals (ASX:PLS), despite navigating a challenging global lithium price downturn primarily driven by China's market dynamics, has officially confirmed a highly profitable year in 2022-23.
Read MoreASX down 0.26% at noon: Pilbara Mineral upgrades resource
Pilbara Minerals (ASX:PLS) have surged following the announcement of a substantial 36% increase in total Resource tonnage and a 64% increase in total Measured and Indicated Resource, enhancing overall resource confidence with 82% of the Mineral Resource now classified as Measured and Indicated, making it one of the strongest performers on the benchmark ASX 200 for 2023.
Read MoreStocks of the Hour: Pilbara Minerals, Lithium Australia, Liontown Resources
A snapshot of the stocks on the move, featuring Pilbara Minerals (ASX:PLS), Lithium Australia (ASX:LIT) and Liontown Resources (ASX:LTR).
Read MorePilbara Minerals’ shocking success: Electrifying the lithium journey down under
The action continues for Pilbara Minerals (ASX:PLS), which yesterday confirmed a major testing of the waters in the upgrading of its lithium ores.
Read MorePilbara Minerals: Strong lithium market resilience
Pilbara Minerals (ASX:PLS) has managed to overcome uncertainties surrounding the impact of the 2022-2023 lithium price slide. The company's June quarter and full-year production report revealed that fears of significant damage were unfounded, as it experienced only a minor drop in revenues due to lower prices.
Read MorePilbara Minerals provides update on spodumene processing plant
03 Jul 2023 – Pilbara Minerals (ASX:PLS), an Australian lithium producer, and Calix (ASX:CXL), an Australian environmental technology company, have released an update on the development of their joint venture mid-stream demonstration plant.
Read MoreIs the Bloom Finally Coming off the Local Lithium Boom?
Judging by the tone from two of the country’s major producers Pilbara Minerals and IGO, they aren’t quite ready to accept that the lithium boom is fading just yet.
Read MorePilbara Minerals Unfazed by Lithium Slump
Pilbara revealed Wednesday that it will ignore the recent price downturn and spend more than half a billion dollars on a large expansion of its key WA lithium mining business.
Read MoreIs Pilbara Sale a Tit for Tat Move or Mere Coincidence?
On the face of it there shouldn’t be any link between the regulatory decision on Northern Minerals this week and CATL’s near-total exit from Pilbara Minerals, but with Chinese companies you just never know.
Read MorePilbara Declares Itself a Big Kid Now
The importance of staying in the lithium game was underlined convincingly by the interim result from Pilbara Minerals which has now finally matured into a dividend paying stock.
Read MoreThe Pilbara Wheelbarrow Overfloweth
Judging by another very strong quarterly report from Pilbara Minerals Friday, there’s no sign of the lithium boom dying, as more than few pundits have been claiming recently.
Read MoreSo Where Does that Wild Week Leave the Lithium Space?
After a week like the one investors in local and global lithium stocks have just endured, it is sometimes best just to cut out as much noise as possible and look at the numbers.
Read MoreLithium Price Action Remains Strong for Pilbara Mines
Strong demand for lithium has seen Pilbara Minerals accept a bid for a spodumene concentrate cargo ahead of the next auction on its battery material exchange.
Read MorePilbara Positively Rolling in Lithium Loot
In fleshing out the bare bones of its 2021-22 annual report and accounts, Pilbara has confirmed that lithium is now a highly profitable Australian mining business with considerable upside.
Read MoreMining Morsels: PLS, CHN
Plenty of action on Wednesday in the always interesting local mining sector. Here is the latest from strategic metals producers Pilbara Minerals and Chalice Mining.
Read MoreTrade Tidbits: LYC, PLS
Updates Tuesday from two companies who have been having a fine time of it lately, and while the good news continued for Lynas, Pilbara Minerals ran into some unexpected headwinds.
Read MoreChanging of the Guard Imminent for Pilbara
Long-time Pilbara Minerals CEO Ken Brinsden has revealed plans to step down by the end of this year, but will get the chance to deliver the company’s first full year result before he goes.
Read MoreResource Nuggets: GOR, MIN, PLS, OSH
Plenty of news from the resources sector on Tuesday, here are the details of key announcements made by Gold Road Resources, Mineral Resources, Pilbara Minerals and Oil Search.
Read MorePilbara Strikes Motherlode at Pilgangoora
Pilbara Minerals shares jumped yesterday after announcing new ore reserves of lithium oxide at its key WA mine, reversing a weeklong selloff that had seen the company’s stock price lose around 10%.
Read MoreLithium Deals Show Aussie-China Ties Not Totally Cut
Despite China having spent the past year or more monstering Australia and Australian companies, the ties between both countries continue, especially in the strategically important areas of lithium mining and processing.
Read MorePLS – Macquarie rates the stock as Outperform
Outperform rating with a target of $1.50.
Read MorePLS – Credit Suisse rates the stock as Downgrade to Neutral
Credit Suisse downgrades its rating to Neutral from Outperform with the target rising to $0.95 from $0.40.
Read MorePLS – Macquarie rates the stock as Underperform
While production and shipments were solid in the first quarter Pilbara Minerals has pointed out prices remain weak
Read MorePLS – Credit Suisse rates the stock as Outperform
The June quarter production result was positive, Credit Suisse observes. The project has demonstrated design recovery of 70-75% for extended periods. The main issue is with demand which is outside the company’s control.
Read MorePLS – Macquarie rates the stock as Underperform
Pilbara Minerals has shipped 33,700t of spodumene concentrate in the March quarter, a flat outcome on the prior quarter.
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