Kitco News - Revenue fell 46% compared to the previous quarter, noted Pilbara Minerals in its December quarterly results released on Wednesday.

Sales of spodumene concentrate totaled 159.9 kt. The average estimated realised price for spodumene concentrate was US$1,113/dry metric tonnes.

Unit operating cost (FOB) decreased by 14% to $639/t compared to the prior quarter, primarily driven by higher sales volume supported by increased production volume.

The company said it is committed to its expansion plans despite lithium's steep slide.

Pilbara joint ventured with POSCO to build a downstream lithium hydroxide chemical facility in South Korea. Total forecasted cost climbed $95M to $895 million. see & read more on
https://kitco.com/news/article/2024-01-23/despite-falling-lithium-prices-pilbara-minerals-commits-expansion