PERTH: Pilbara Minerals Ltd. (ASX: PLS) reported a statutory loss of A$196 million for the fiscal year ended June 30, 2025, as lithium prices fell sharply, eroding margins despite record production and sales volumes. Revenue dropped 39% to A$769 million, driven by a 43% decline in the average realised price of spodumene concentrate, the company…
Tag: lithium market
Rio Tinto reports resilient H1 2025 earnings amid portfolio diversification
Rio Tinto allocates $1b annual spend for mine closures, including Gove refinery rehabilitation LONDON:Â Rio Tinto announced first-half net earnings of $4.5 billion attributable to shareholders on Wednesday, down from $5.8 billion a year earlier, as lower iron ore prices offset gains from copper and aluminum operations. Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA)…
Pantera Lithium sells Smackover project to EnergyX in A$40 million deal
SYDNEY: Pantera Lithium Ltd. (ASX: PFE) has entered a binding agreement to sell its Smackover lithium brine project in Arkansas to U.S.-based Energy Exploration Technologies Inc. (EnergyX) in a deal valued at A$40 million. The transaction includes A$6 million in cash and A$34 million in EnergyX common stock, giving Pantera shareholders exposure to the recovering…