Strong EV demand bodes well for Pilbara Minerals' (ASX: PLS) revenue outlook.

Fri 24 Nov 23, 08:40 AM | Team Kalkine

Image source: Ksenia Ragozina, Shutterstock

Highlights

Pilbara Minerals Limited (ASX: PLS) is an Australian pure-play lithium firm which is engaged in the development, exploration and mining of minerals in Australia.

During the first quarter of the financial year 2024 (1QFY24), production declined by 2% PcP to 144.2k tonnes, while sales increased by 6% PcP and reached 146.4 million tonnes. The company ended the latest quarter with a cash balance of AUD 3 billion, compared to AUD 1.4 billion in 1QFY23.

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