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Australia's Pilbara Minerals reported a 46% sequential drop in its second-quarter revenue on Wednesday as average realised price for spodumene halved, and lowered annual capital expenditure guidance.
Australian lithium producers may be set to track the nickel industry in project curtailments and delays this reporting season, analysts say, given slower-than-expected electric vehicle (EV) sales that have hit prices but the jolt is expected to be less severe.
"Market pricing for spodumene concent...
>>> Read more: Pilbara Minerals' Q2 revenue halves, focuses on cutting costs
Australian lithium producers may be set to track the nickel industry in project curtailments and delays this reporting season, analysts say, given slower-than-expected electric vehicle (EV) sales that have hit prices but the jolt is expected to be less severe.
"Market pricing for spodumene concent...
>>> Read more: Pilbara Minerals' Q2 revenue halves, focuses on cutting costs
