Pilbara Minerals agrees new offtake agreement but challenging environment persists for spodumene producers

Amidst the ongoing global fallout from the coronavirus, Australia’s Pilbara Minerals have announced a five-year 75,000 tonnes per annum offtake agreement with Chinese Yibin Tianyi, a joint venture company backed by Contemporary Amperex Technology (CATL).

The deal reflects Pilbara’s ongoing relationship with CATL, China’s only Tier One lithium ion battery manufacturer, which took an 8.5% stake in the spodumene producer in September 2019. The move further cements Pilbara’s position in CATL’s expanding supply chain roadmap.

Pilbara announced that the first shipment of 20,000 tonnes of spodumene concentrate was completed this March . . .

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