Pilbara Minerals loads up on debt despite bleak lithium outlook
Elouise FowlerReporter
Lithium miner Pilbara Minerals has secured a $1 billion loan from Australian and international banks to fund a production expansion, just as the market braces for a prolonged slump in prices for the key battery metal.
The new line of credit was unveiled on Monday at the miner’s full-year result, where it reported low lithium prices had dented its net profit by 89 per cent.
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