Pilbara Minerals expects ‘fairly material’ uptick in lithium prices

Pilbara Minerals chief executive Dale Henderson says the lithium market looks “very positive” after a price rally over the past 60 days stoked hopes that a tough year for the sector might be over.

Pilbara received an average price of $US804 a tonne for the lithium-rich spodumene concentrate it sold in the first three months of 2024; down 28 per cent on the previous quarter and 83 per cent lower than prices received at the same time last year.