The Pilbara Minerals (ASX:PLS) share price is already up 25% in 2021
Lina Lim | January 11, 2021 4:01pm |
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Pilbara Minerals Ltd(ASX: PLS) share price has already run up by almost 25% this year and has surged 250% since October 2020. We take a closer look at what the miner has been up to.
Lithium spot price recovery
Fortescue Metals Group Limited (ASX: FMG),
Rio Tinto Limited(ASX: RIO) share prices to record highs, recovering lithium prices has initiated a broad recovery in ASX lithium shares.
On 6 January 2021, Pilbara reported a record December quarter 2020 shipment of 70,609 dry metric tonnes (dmt) on improving spodumene concentrate demand conditions. The update highlights a material uplift in lithium chemicals pricing within China, with the Platts battery grade lithium carbonate pricing assessment up 35% to date from its lows in August 2020.