Streetbeat News

PILBF

Pilbara Minerals Limited

http://www.pilbaraminerals.com.au/

CEO

Kenneth Brinsden

Industry

Dimension Stone Mining and Quarrying

Open

1.75

Mkt cap

5.2B

Volume

12K

High

1.80

P/E Ratio

34.30

52-wk high

3.00

Low

1.68

Div yield

N/A

52-wk low

1.46

CATL's suspension of lithium carbonate production in Yichun is expected to reduce China's monthly output by 8%, causing a surge in lithium prices. This has led to a short squeeze, benefiting companies like Albemarle and Pilbara Minerals. Analysts have mixed views on the sustainability of the price rebound.

Portfolio Pulse from Stjepan Kalinic

September 12, 2024 | 12:16 pm

Volatility in lithium pricing in China is attracting retail investors to mining companies, according to Patriot Battery Metals CEO Ken Brinsden. The Chinese market's sensitivity to price over quality fosters spot market transactions, increasing volatility. This benefits day traders but complicates capital costs for producers. South Korean and Japanese buyers prefer long-term contracts, offering more stability. Patriot Battery Metals is developing a significant lithium property in Quebec.

Portfolio Pulse from Matt Whittaker

June 25, 2024 | 12:20 pm

Pilbara Minerals (OTC:PILBF) plans to invest $800 million to expand its Pilgangoora lithium operation in Australia, aiming to significantly increase production capacity. The expansion aligns with the growing demand for electric vehicle batteries. Pilbara is also exploring a partnership with Ganfeng Lithium (OTCPK:GNENF) for a lithium conversion facility.

Portfolio Pulse from Stjepan Kalinic

June 21, 2024 | 7:25 pm

Pilbara Minerals (OTCPK: PILBF) accepts a pre-auction offer for lithium spodumene concentrate, signaling a potential turnaround in the lithium market. The company also signs a significant agreement with Sichuan Yahua Industrial Group, moving away from its auction model. Meanwhile, Albemarle (NYSE:ALB) plans to auction some of its lithium, and an Argentine court suspends new mining permits in a key lithium-producing area, potentially affecting supply. Exxon Mobil (NYSE:XOM) explores Direct Lithium Extraction, indicating interest in more environmentally friendly lithium mining technologies.

Portfolio Pulse from Stjepan Kalinic

March 15, 2024 | 1:07 pm

Woodside Energy Group Ltd (NYSE:WDS) has signed a five-year Sales and Purchase Agreement (SPA) with Pilgangoora Operations Pty Ltd, a subsidiary of Pilbara Minerals (OTC:PILBF), to supply Domestic LNG from the Pluto Truck Loading Facility starting Q4 2024. The deal supports Woodside's commitment to domestic gas supply and helps Pilbara Minerals reduce emissions by lowering diesel use. This news follows Woodside's ongoing discussions with Santos Ltd. (OTC:SSLZY) about a potential merger.

Portfolio Pulse from Lekha Gupta

December 21, 2023 | 11:58 am

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