ASX:PLSMetals and Mining
Canmax Price‑Floor Offtake and Prepayment Could Be A Game Changer For PLS Group (ASX:PLS)
Pilbara Minerals recently signed a two-year offtake agreement with China’s Canmax Technologies to supply 150,000 tonnes of spodumene concentrate from 2026, featuring a price floor and an interest-free A$100 million prepayment that supports near‑term liquidity.
The deal could influence Pilbara’s production choices, including a potential restart of the Ngungaju plant, and may reshape how investors view its exposure to lithium price swings and project expansion risks.
We’ll now examine how this...