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In financial year 2024, Pilbara Minerals' sales revenue decreased to 1.25 billion Australian dollars. Pilbara Minerals Limited is a lithium and tantalite mining company operating in Western Australia.

Pilbara Minerals

In financial year 2023, the gross profit of Pilbara Minerals reached new heights, before falling in 2024. The total assets of Pilbara Minerals exceeded four billion Australian dollars in 2024. The company invested around 297 million Australian dollars into its Pilgangoora Project in early 2022, hoping to boost production and capitalize on the booming global lithium chemical market.

Lithium Mining in Australia

Forecasts indicate that worldwide lithium demand from 2020 to 2030 is expected to witness year-on-year growth, with Australia as a key player in the global lithium market, accounting for the largest share of lithium production worldwide by country. Around 397 kilotons of lithium were produced in Australian mines in the financial year 2023, with the production of lithium in Australia expected to rise over the next few years.

Revenue of Pilbara Minerals from financial year 2018 to 2024 (in million Australian dollars)

Characteristic	Value in million Australian dollars
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Release date

August 2024

More information

Region

Australia

Survey time period

FY 2018 to FY 2024

Special properties

Revenue from contracts with customers

Supplementary notes

Australia's financial year runs from July 1 to June 30. For example, FY 2023 starts on July 1, 2022 and ends on June 30, 2023.

FY 2023 Revenue includes revenue from the sale of spodumene concentrate and middlings concentrate. There were no sales of middlings concentrate in the FY 2024 period.

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