GL1Global Lithium Resources Ltd
0.2050.025+13.89%1.27M249.93K0.1800.1800.2050.18053.66M28.83M261.73M140.64M+13.89%+20.59%+13.89%-6.82%-19.61%-63.06%+13.89%--0.91%LossLoss13.89%Metals & Mining
LTRLiontown Resources Ltd
0.6700.010+1.52%15.11M10.14M0.6650.6600.6850.6501.63B1.02B2.43B1.52B+5.51%+20.72%+21.82%-24.72%-24.29%-34.95%+27.62%--0.99%LossLoss5.30%Metals & Mining
IGOIGO Ltd
5.2500.040+0.77%3.00M15.94M5.2705.2105.4505.2503.98B3.52B757.27M671.30M-1.32%+6.28%+8.92%-2.78%+11.34%-25.57%+10.06%10.48%0.45%1312.501312.503.84%Metals & Mining
RIORio Tinto Ltd
118.3300.330+0.28%709.99K83.81M118.350118.000118.490117.100192.18B168.59B1.62B1.42B-0.35%-0.60%+1.87%-2.29%+2.50%-5.79%+0.74%5.37%0.05%11.9913.071.18%Metals & Mining
MINMineral Resources Ltd
35.4200.050+0.14%1.03M36.49M35.58035.37035.80035.0406.96B5.81B196.52M163.90M-4.40%+2.97%+4.18%-4.27%-30.51%-40.74%+3.42%2.54%0.63%55.7855.782.15%Metals & Mining
SYASayona Mining Ltd
0.0230.0000.00%42.69M981.71K0.0230.0230.0240.022265.50M247.62M11.54B10.77B-4.17%-11.54%-11.54%-30.30%-23.33%-41.03%-14.81%--0.40%LossLoss8.70%Metals & Mining
LRSLatin Resources Ltd
0.1650.0000.00%0.000.000.0000.1650.0000.000477.66M367.62M2.89B2.23B+6.45%0.00%+17.86%-10.81%+13.79%+3.13%+3.13%--0.00%LossLoss0.00%Metals & Mining
PLSPilbara Minerals Ltd
2.310-0.010-0.43%12.45M28.70M2.3102.3202.3302.2706.96B6.27B3.01B2.71B-3.35%+5.48%+5.96%-18.95%-17.50%-34.93%+5.48%6.06%0.46%27.1827.182.59%Metals & Mining
DEGDe Grey Mining Ltd
1.995-0.015-0.75%5.85M11.64M2.0002.0102.0101.9754.78B3.75B2.40B1.88B-0.75%+3.10%+12.39%+37.59%+73.48%+70.51%+13.03%--0.31%LossLoss1.74%Metals & Mining
CXOCore Lithium Ltd
0.092-0.001-1.08%10.92M993.27K0.0930.0930.0930.089197.16M186.07M2.14B2.02B-1.08%+5.75%+12.20%-23.33%+2.22%-52.82%+3.37%--0.54%LossLoss4.30%Metals & Mining
retracement or consolidations are making the same list a bloody red mess today 
Lucas Cheah : $Pilbara Minerals Ltd (PLS.AU)$ has experienced significant fluctuations in its earnings, primarily influenced by volatile lithium market conditions. Despite these challenges, Pilbara Minerals has demonstrated robust earnings growth over the past five years, averaging an annual increase of 61.1%, outpacing the Metals and Mining industry’s 20.7% growth rate.
The company’s strategic initiatives, such as completing the P680 primary rejection facility, have enabled record production and sales, reinforcing its position as a global leader in lithium production.
However, the lithium market has recently faced significant price declines, with spodumene concentrate prices dropping from USD 3,256 per tonne in mid-2023 to USD 682 per tonne. This downturn has led Pilbara Minerals to halt operations at its Ngungaju plant and reduce its workforce by approximately 50 positions. CEO Dale Henderson has expressed concerns about the sustainability of current prices for many suppliers.
To navigate these challenges, Pilbara Minerals is focusing on cost efficiency and expansion projects, including the P680 and P1000 expansions, aiming for completion by March 2025. These initiatives are expected to reduce unit costs and enhance production capabilities.
In summary, while Pilbara Minerals has a track record of strong earnings growth and strategic project execution, its future earnings prospects are closely tied to the recovery and stability of lithium market prices. The company’s proactive measures to optimize operations position it to capitalize on potential market improvements.