Australian lithium producer Pilbara Minerals Limited (ASX: PLS) (Pilbara Minerals or Company) is
pleased to announce that it has executed a new offtake agreement with Sichuan Yahua Industrial Group
Co. Ltd (Yahua) for the supply of spodumene concentrate from the Company’s 100% owned Pilgangoora
Operation.
Yahua is a leading lithium chemicals company and one of the largest lithium hydroxide producers globally.
Yahua has strong connections across the lithium supply chain with key customers including Tesla, LG
Energy Solutions, LG Chem, and Contemporary Amperex Technology Co., Limited (CATL).
This offtake agreement commences in calendar year 2024 (CY24) for a three-year term as detailed below:
• CY24 - Pilbara Minerals to supply, and Yahua to take, 20kt of spodumene concentrate (with an option
for up to an additional 60kt at Pilbara Minerals’ election) resulting in a total supply in CY24 of between
20kt to 80kt.
• CY25 - Pilbara Minerals to supply, and Yahua to take,100kt of spodumene concentrate (with an option
for up to an additional 60kt at Pilbara Minerals’ election) resulting in a total supply in CY25 of between
100kt to 160kt.
• CY26 - Pilbara Minerals to supply, and Yahua to take,100kt of spodumene concentrate (with an option
for up to an additional 60kt at Pilbara Minerals’ election) resulting in a total supply in CY26 of between
100kt to 160kt.
Consistent with other existing agreements, all spodumene concentrate volumes will be sold based on the
prevailing market price.
This supply to Yahua is separate to Pilbara Minerals’ strategic partnership process which continues to be
progressed in parallel.
Pilbara Minerals’ Managing Director and CEO, Dale Henderson, said:
"We are delighted to have signed this offtake agreement with Yahua, a leading global lithium chemicals
producer which has extensive supply chain relationships with major battery materials customers globally.
“This offtake builds-on an established relationship between our companies, having previously completed
a number of sales together. The agreement enables Yahua to further expand its supply chain
commitments with key global battery customers and builds-out Pilbara Minerals medium-term sales profile
whilst preserving long-term optionality as we assess downstream opportunities in-line with our growth
strategy.
“We are pleased to formalise this key relationship and support our shared objective to grow our respective
positions in the lithium battery materials supply chain.”
Yahua’s Vice Chairman, Meng Yan, said:
“We are pleased to strengthen our relationship with Pilbara Minerals via this offtake agreement which
secures a reliable supply of high quality spodumene concentrate over the medium term. We look forward
to working with Pilbara Minerals to further enable our global customers to support the global energy
transformation.”
Release authorised by Dale Henderson, Pilbara Minerals Limited’s Managing Director and CEO. see & read more on

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