Why ASX 200 investors remain upbeat on Pilbara Minerals shares fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Pilbara Minerals Ltd., Australia’s biggest pure-play lithium producer, said buyer interest in its material had picked up recently — offering a glimmer of hope for producers of the battery metal that have been hammered by plunging prices.Most Read from BloombergNvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours on Nvidia’s Bullish Outlook: Markets WrapYour 401(k) Will Be Gone Within a
Lithium prices have fallen around 70% over the past year as EV sales growth slowed, but capacity expansions by chemicals makers and government support globally bode well for the market longer term, Pilbara Minerals CEO Dale Henderson said.
By Rhiannon Hoyle Pilbara Minerals scrapped its dividend as it reported an 82% drop in first-half net profit, reflecting a sharp fall in lithium prices that.