Business
The Pilbara Minerals (ASX:PLS) share price is already up 25% in 2021
The 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
Much like booming iron ore prices sending the Fortescue Metals Group Limited (ASX: FMG), BHP Group Ltd (ASX: BHP) and 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…
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