Why this battery minerals bust won't be the last

Pilbara's December quarter production report, released on Wednesday, underscores how the company has been able to use that golden period to shore up its business by lifting production to a more sustainable level, broadening its customer base, reducing its costs, and building a cash pile of $2.14 billion to provide a buffer against market ructions and fund further expansion. On Wednesday, Henderson also announced further measures to reduce spending, trimming capital expenditure and flagging a likely pause to dividend payments while the pricing environment remains poor. As such, he says Pilbara is well-placed to weather the current conditions, and there…