Spodumene, which is mostly utilized to produce high-purity lithium for lithium-ion batteries used in electric cars, is seeing continued strong demand globally amid a push for greener alternatives.
The company reported a net profit attributable of A$1.24 billion ($846.4 million) for the six months ended Dec. 31, compared with A$114 million a year earlier.
The miner declared an interim dividend for the first time in
15 years of 11 Australian cents per share since it went public.
Pilbara said it expects costs to be higher for fiscal
year 2023, citing investment in mining activities and labour
shortages in Western Australia.
($1 = 1.4650 Australian dollars)
(Reporting by Navya Mittal in Bengaluru; Editing by Sonia
Cheema)
