New deal Australian miner Pilbara Minerals has implemented a new offtake agreement with China’s Sichuan Yahua Industrial Group Co. Ltd. The contract concerns the supply of spodumene concentrate from the firm’s Pilgangoora Operation.
“Yahua is a leading lithium chemicals company and one of the largest lithium hydroxide producers globally. Yahua has strong connections across the lithium supply chain with key customers including Tesla, LG Energy Solutions, LG Chem, and Contemporary Amperex Technology Co., Limited (CATL),” Pilbara Minerals said in a statement.
Pilbara Minerals’ Managing Director and CEO, Dale Henderson, commented that the “offtake builds-on an established relationship between our companies, having previously completed a number of sales together. The agreement enables Yahua to further expand its supply chain commitments with key global battery customers and builds-out Pilbara Minerals medium-term sales profile whilst preserving long-term optionality as we assess downstream opportunities in-line with our growth strategy.”