34.8 C
Belgrade
22/06/2024
Mining News

Pilbara Minerals partners with Sichuan Yahua for spodumene concentrate supply

Australian lithium producer Pilbara Minerals has inked a deal with Sichuan Yahua Industrial Group to provide spodumene concentrate, a crucial mineral for lithium battery production, to the Chinese lithium chemicals firm.

Under the agreement, Pilbara Minerals’ Pilgangoora Operation project is set to deliver 20,000 tons of spodumene concentrate this year, followed by 100,000 tons annually in 2025 and 2026, with an additional option for up to 60,000 tons per year. The pricing of the concentrate will be determined at the time of supply based on prevailing market rates. This collaboration strengthens the partnership between the two companies, with Pilbara Minerals looking to enhance its sales profile and evaluate downstream opportunities aligned with its growth strategy.

Supported by

Sichuan Yahua, a prominent lithium chemicals company and one of the largest lithium hydroxide producers globally, has notable connections across the lithium supply chain, serving key customers such as Tesla, LG Energy Solution, LG Chem, and Contemporary Amperex Technology. Yahua’s shares experienced a 1.2 percent decline, trading at CNY11.25 during the lunch break in Shenzhen today.

Related posts

Expanding Gulf nations’ investments in Africa’s critical minerals: Economic opportunities and geopolitical challenges

David Lazarevic

The Philippines’ mining dilemma: Navigating critical minerals demand, environmental conservation and indigenous rights

David Lazarevic

Strategic approaches: US initiatives in Africa’s critical minerals sector to counterbalance Chinese influence

David Lazarevic
error: Content is protected !!