Australian lithium producer Pilbara Minerals expanded its existing offtake agreement with Ganfeng Lithium Group considerably, boosting spodumene concentrate's short- and medium-term supply.
The original agreement ordained a supply of 160,000 tonnes per year from Pilbara Minerals' Pilganooora operation.
The revised agreement increases this supply up to 310,000 tonnes annually over three calendar years while selling all spodumene concentrate at the prevailing market price.
This comes separate from Pilbara Mineral's ongoing strategic partnership process, which is on track to conclude in the first quarter of 2024.