Sayona Mining Ltd (SYAXF)

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An auction stunned the market: $90,000 is only the starting point for the rise in lithium prices?

Australian lithium miner Pilbala Mining held its first spodumene online auction on July 29th. The auction of 10,000 tons of spodumene concentrate, a total of more than 30 companies participated in the auction.

In the three-hour auction, a total of 62 auctions were held, of which 17 bidders "showed strong interest". In the end, the auction price of the spodumene concentrate was raised to US $1250 per tonne, plus freight to the domestic price of US $1315 per tonne, an all-time high.

https://news.metal.com/newscontent/101549633/An-auction-stunned-the-market:-90000-is-only-the-starting-point-for-the-rise-in-lithium-prices/