Australia's Pilbara Q2 revenue nearly halves as spodumene prices fall

Jan 24 - Australia's Pilbara Minerals PLS.AX reported a 46% sequential drop in its second-quarter revenue on Wednesday as average realised price for spodumene halved.

The company posted revenue of A$264 million ($173.71 million) for the quarter ended December 31, down from A$493 million in the previous quarter.

($1 = 1.5198 Australian dollars)

(Reporting by Ayushman Ojha and Poonam Behura in Bengaluru; Editing by Krishna Chandra Eluri)


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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