Pilbara Minerals Supports U.S.-Australia Agreement but Cautions on Price Stability - WSJ
Strong Revenue Growth: Pilbara Minerals (PILBF) reported a 19.5% year-over-year increase in quarterly revenues to A$251 million, driven by higher lithium prices, and produced 224,800 metric tons of spodumene concentrate.
Operational Efficiency: The company achieved a 10.9% reduction in operating costs to A$540/ton, reflecting improved operational efficiencies.
Positive Outlook on U.S.-Australia Collaboration: CEO Dale Henderson expressed optimism about the new critical minerals deal between the U.S. and Australia but cautioned against market-distorting initiatives like price floors.
Market Sentiment: Brokerage Euroz Hartleys highlighted Pilbara as a strong investment in the lithium sector, suggesting that the worst of the lithium cycle is over and emphasizing the importance of shared infrastructure over price supports.
About the author









