Here’s where this expert thinks the Pilbara Minerals share price is headed next
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The ASX lithium share Pilbara Minerals Ltd (ASX: PLS) has suffered a significant decline in the last year and a half. As shown on the chart below, the Pilbara Minerals share price is down around 40% from May 2023.
It’s understandable why Pilbara Minerals is down so much – the lithium price has collapsed over the past two years.
In the quarterly update for the three months to September 2024, the ASX lithium share said the realised/sold price for its resources was US$682 per tonne. That was a reduction of 19% in just that three-month period. The realised price is down close to 90% from what it achieved in the three months to December 2022.
After the latest quarterly update from the lithium miner and its…
